A December 2018 report from the House of Representatives’ Oversight and Government Reform Committee Republicans blasted the company for its poor security practices, and the new U.S. Senate report does that once again, while also providing some more details on Equifax’ failures regarding the incident. According to the report (PDF), Equifax was aware of security weaknesses in […]
Category Archives: News
Even the big banks are suing Equifax for identity theft-related costs. The companies, which are based in 29 states, sued Equifax and claimed that Equifax owes them for all the costs they incurred after the data breach was revealed. The cost were associated with the actions taken to protect themselves and their customers from fraud, […]
Big data expands far beyond credit, housing, and employment reporting. https://on.wsj.com/2RB4nVg
Lack of credit and the growing exclusions from society. https://www.nytimes.com/2018/12/06/nyregion/how-the-cashless-economy-shuts-out-the-poor.html
How is Wells Fargo still in business? Must see video: https://www.cbsnews.com/video/wells-fargo-blames-calculation-error-after-hundreds-lose-homes-to-foreclosure/?fbclid=IwAR3ynYuo6vcnCngB27TQhor5pEfawqh4Q7h4MSlh3uManm5RFPyoiT1GblA
Yahoo must pay $85 million and provide free credit monitoring to 200 million people as part of a settlement of what is believed to be the biggest data breach ever. The onetime internet giant, which is now owned by Verizon, has reached a settlement in a class-action lawsuit over the 2013 and 2014 hacks. […]
Only the top 1 or 2 percent of people will have a ‘perfect’ 850 credit score,” Rod Griffin, director of consumer awareness at Experian, tells CNBC Make It. “And it probably won’t stay that way. Scores move up and down as your credit history changes. If you increase your balances, open a new account, […]
Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to phone bills. https://www.cnbc.com/2018/10/12/thousands-line-up-for-zero-down-payment-subprime-mortgages.html?__source=facebook%7Cmain
Facebook said on Friday that an attack on its computer network had exposed the personal information of nearly 50 million users. https://www.nytimes.com/2018/09/28/technology/facebook-hack-data-breach.html?smid=fb-nytimes&smtyp=cur Identity theft often leads to fraudulent accounts on credit reports and other consumer reports. Federal law protects consumers in those situations. Know what’s being reported about you: https://nyconsumerlaw.com/lawyer/What-data-is-being-reported-about-me-_cp19192.htm
Remember, consumers have a right to have accurate information on credit reports, even if related to student loans. http://www.foxnews.com/us/2018/09/06/students-families-struggle-to-repay-billions-in-crushing-loan-debts.html