Items Tagged with 'Credit reporting agency'

ARTICLES

  • CFPB reportedly pulling back from Equifax data breach investigation

    Reuters reports that bureau is not aggressively pursuing investigation
    In another signal that Mick Mulvaney’s Consumer Financial Protection Bureau will operate far differently than it did under Richard Cordray, the CFPB is reportedly pulling back from its investigation in the data breach at Equifax, which exposed the personal information of 145.5 million U.S. consumers to hackers.
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  • Top Democrats want credit reporting agencies severely punished for Equifax-style breaches

    Bill would bring stiff financial penalties for data breaches
    Equifax may be facing various legal, regulatory, and financial consequences for the data breach that exposed the personal information of 145.5 million U.S. consumers, but two top Senate Democrats want there to be much stiffer penalties should any credit reporting agency, Equifax included, fail to protect consumer data again.
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  • TransUnion: Mortgage delinquencies will fall to record lows in 2018

    Credit reporting agency provides mortgage forecast for next year
    A recent report from CoreLogic showed that mortgage delinquencies fell this year to the lowest point in more than a decade, but analysts from TransUnion expect mortgage performance to continue improving next year, leading to record lows in mortgage delinquencies.
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  • New York enacts new rules for credit reporting agencies in wake of Equifax breach

    New regulations bring additional consumer protections
    After Equifax revealed that it had been the victim of a data breach that exposed the personal information of 145.5 million U.S. consumers, the state of New York began moving to increase its oversight of credit reporting agencies. But those new rules don’t go far enough, according to New York Gov. Andrew Cuomo. So, Cuomo is immediately enacting new rules for credit reporting agencies that will bring additional consumer protections.
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  • Monday Morning Cup of Coffee: Is Equifax using “creative” accounting to justify executive bonuses?

    Wipes away breach costs in recent earnings statement
    Is Equifax playing some accounting games to try to make its business look better in the aftermath of the massive data breach? Some people seem to think so. Plus, is one of the mortgage business' top startups backed by Russia's biggest bank? All that, and more, in your Monday Morning Cup of Coffee.
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  • How bad is it for Equifax? Company reveals full fallout from data breach

    How much has it cost? Plus what else is credit reporting agency facing
    It’s been just over two months since Equifax disclosed that it had been the victim of a “cybersecurity incident” that exposed the personal information of 145.5 million U.S. consumers. Since then, the fallout from the data breach has been extensive, to say the least. But now, for the first time, the company is detailing the full fallout from the breach - and it's more than extensive.
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  • 38 states call on Experian and TransUnion to drop credit freeze fees in wake of Equifax breach

    Some states already prohibit credit reporting agencies from charging freeze fees
    Equifax may be offering one year of credit file monitoring and identity theft protection in the wake of the credit reporting agency’s massive data breach, which exposed the personal information of 145.5 million consumers, but more than 75% of the states want the rest of the major credit reporting agencies to do more to protect consumers.
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  • Credit unions sue Equifax over massive data breach

    Want to recover anticipated costs of breach
    The number of battlefronts where Equifax will be forced to fight back in the wake of its massive data breach just grew, again. Now, the Credit Union National Association, a trade group that represents credit unions, is joining Massachusetts, San Francisco and Chicago in suing Equifax, on behalf of its members.
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  • Equifax reveals data breach bigger than first thought

    Further analysis shows 145.5 million consumers’ information exposed
    It’s been nearly a month since Equifax disclosed that it had been the victim of a “cybersecurity incident” that exposed the personal information of 143 million U.S. consumers. As it turns out, the data breach at the credit reporting agency is even larger than the company first thought.
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  • Chicago becomes second major city to sue Equifax over data breach

    Follows San Francisco in suing credit reporting agency
    For the second time in two days, one of nation’s largest cities announced that it is suing Equifax over the credit reporting agency’s massive data breach, which led to the personal information of 143 million U.S. consumers being exposed. First it was the city of San Francisco, and now, Chicago is suing as well.
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