Category Archives: Uncategorized

Thousands of small-claims suits against Equifax, thanks to technology

This article by Gabrielle Hernandez explains that Chatbot company DoNotPay released a set of chatbots that can help consumers sue Equifax for negligence. Users provide their name and address to the bot, and it feeds the information into a state-designated form users can then print and file directly with the court. DoNotPay’s Equifax bots were first […]

23 class actions (and counting) against Equifax over its data breach

Read about it in this article by Kevin McCoy. An excerpt: Filed in 14 states and the District of Columbia, the federal lawsuits target either Equifax or the company's Equifax Information Services subsidiary. The legal complaints cite a range of legal claims, including alleged security negligence by Equifax, the delay in alerting the public and concerns about the free credit monitoring […]

Dep’t of Education delays acting on requests for student-loan forgiveness

The Washington Post reports: Tens of thousands of former students who say they were swindled by for-profit colleges are being left in limbo as the Trump administration delays action on requests for loan forgiveness, according to court documents obtained by The Associated Press. The Education Department is sitting on more than 65,000 unapproved claims as […]

Did Equifax execs engage in illegal insider sales of company stock before disclosing the hack of its data?

Read this article by Pete Schroeder. An excerpt: Thirty-six U.S. senators on Tuesday called on federal authorities to probe the sale of nearly $2 million in shares of credit bureau Equifax Inc by company executives after a massive data breach this summer, and one compared their actions to insider trading. The lawmakers signed a letter […]

Watch this excellent “Sunday Morning” segment on CFPB head Richard Cordray

Consumer Financial Protection Bureau head Richard Cordray was the subject of a story that aired yesterday on CBS's "Sunday Morning" news program. To view it, click here or on the embedded video below. The story depicts Cordray as indefatigable — and "the best friend the consumer has ever had" — in the face of constant harassment […]

Wells Fargo under the gun for new consumer abuses

Politico reports that, one after "regulators fined Wells Fargo $185 million for opening potentially millions of fake accounts, the bank is nowhere close to putting the scandal behind it. Congress is threatening new hearings, and some Democrats have called on regulators to remove the bank's board or for breaking up the lender entirely. In fact, […]

“Equifax Hack Exposes Regulatory Gaps, Leaving Consumers Vulnerable”

The New York Times reports: Equifax warehouses the most intimate details of Americans’ financial lives, from the credit cards in their wallets to the size of their medical bills. But the company doesn’t face the constant monitoring and auditing that help strengthen banks’ systems and data protections. Despite the wealth of sensitive information in its […]

Signing up for Equifax May Cost You Your Legal Rights.

Worried you may be affected by Equifax's massive data breach? The credit bureau has set up a site, equifaxsecurity2017.com, that allows you to check whether your personal information was exposed and sign up for credit monitoring. But regulators and lawyers are becoming concerned that the site could pose risks to consumers. As a result, you […]