Articles Tagged with ''Credit reporting agency''

Government watchdog calls for CFPB, FTC to have more authority over credit reporting agencies

GAO wants regulators to have more power over Equifax, Experian, Transunion
Equifax may be expecting sanctions from both the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers, but one prominent government watchdog is calling for those agencies to have even more authority over Equifax and the like.
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Equifax expecting punishment from CFPB and FTC over massive data breach

Reveals CFPB is planning to levy a fine
Equifax is expecting various forms of punishment from the Consumer Financial Protection Bureau and the Federal Trade Commission over the credit reporting agency’s massive data breach that exposed the personal information of 148 million U.S. consumers to hackers, the company revealed recently.
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Consumers can now freeze their credit for free

Credit reporting agencies can no longer charge for credit freezes
It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.”
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More executive changes at Equifax: Former interim CEO to lead U.S. information business

Paulino do Rego Barros will take over U.S. Information Solutions division
It’s been a bit of a revolving door amongst senior management at Equifax ever since the massive data breach that exposed the personal information of nearly 148 million U.S. consumers to hackers was first disclosed. And it looks like the company isn't done making changes yet.
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New York Department of Financial Services and 7 other states level the regulatory boom on Equifax

Posse of state banking regulators makes Equifax sign a consent form agreeing to additional oversight
New York’s Department of Financial Services is cracking down on Equifax. One day after announcing that additional regulations would be coming for credit agencies, NYDFS lowered the boom on Equifax, making the credit reporting agency sign a consent order with eight state banking commissioners in which it promised to undertake risk assessment and receive board oversight on its information security program, audit, information technology operations and vendor management, among other things.
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Equifax taps former IBM executive Bryson Koehler to lead technology efforts

Will serve as chief technology officer
Equifax is continuing to reshape its leadership in the wake of the massive data breach that exposed the personal information of nearly 148 million U.S. consumers to hackers. Back in February, Equifax added a new chief information security officer, replacing one of the executives who left after the breach. Now, the company is adding another executive to help move the company forward.
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Equifax names new CEO as fallout from data breach continues

Mark Begor will take over for Paulino do Rego Barros
Equifax has found who it believes is the right person to lead the company into its next phase as the credit reporting agency continues to deal with the fallout from its massive data breach that exposed the personal information of nearly 148 million U.S. consumers to hackers. Equifax announced Wednesday that it is naming former GE executive Mark Begor as its next CEO.
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Former Equifax executive accused of dumping stock after learning of data breach

SEC, DOJ charge former CIO Jun Ying with insider trading
The former chief information officer of Equifax’s U.S. business dumped nearly $1 million in company stock after learning of the massive data breach at the credit reporting agency, but before the breach was disclosed to the public, the Securities and Exchange Commission and Department of Justice said Wednesday.
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