Released: October 19, 2017
After Equifax hack, calls for big changes In credit reporting
Source: Chris Arnold, NPR
The Equifax security breach — the largest known theft of Social Security numbers in history — has lawmakers, prosecutors and identity theft victims angry with the company. The revelations have put a spotlight on the industry, raising some important and deeper questions and sparking calls for tough new rules to reshape the credit reporting landscape.
A bill introduced by Sen. Elizabeth Warren, D-Mass., would require free credit freezes. And several proposals in Congress would also give Americans more access to their credit reports free of charge.
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