And we got trouble!
Right here in River City....
Anyway, I hope that the article isn't true. Equifax should be nailed to the wall for what they allowed to happen. Recall that Equifax's chief security officer at the time was a music major!
And I should note that this is one of those “according to people familiar with the matter” reports. So who knows what the real story is.
Unnamed sources
No corroboration offered.
Hit piece.
It cost me quite a bit to freeze all our credit as a result of what these yutzes did. So I had to pay for what THEY did. They ought to be sued out of existence.
That is a bad sounding thing if true
The check finally cleared.
Could be that this lefty anti-capitalist agency is not the best unit to be addressing Equifax’s failure? Maybe actual law enforcement, coupled with class actions, will do the trick? Just a guess as to why they would yank it from that agency.
I may be in the minority, but I’m of the opinion that these reporting agencies ought to be more highly regulated. That’s not something I suggest lightly.
For better or worse, they have inserted themselves in between the parties of most financial transactions. You basically can’t obtain a loan without one or more of their imprimaturs.
Yet they routinely screw up consumers’ reports, make it difficult for consumers to correct them and generally do a poor job at the one thing they’ve made themselves indispensable to provide. Consumers have no choice but to participate and little recourse when they aren’t satisfied with these agencies’ actions. I think it’s become pretty obvious that they can’t be trusted to do their jobs well. Absent another private agency to monitor the credit reporting agencies, I don’t see any other solution than to involve regulators.