Why I’m Not Signing Up For Equifax’s Free Credit Monitoring Service: The Arbitration Clause Still Worries Me

by Jeff Sovern I'm still trying to make sense of the arbitration situation in connection with the Equifax breach.  Here is how I see it at the moment. Comments welcome. Our story so far: after hackers invaded the Equifax database, Equifax set up a web site (that is the current version of the web site; […]

Am Banker: Equifax breach may kill repeal of CFPB mandatory arbitration rule

Here . Excerpt: The Equifax revelations come at exactly the wrong time for Republicans, who had been hoping as late as Thursday to rapidly push ahead next week on a vote to overturn the rule. * * * * * * The Equifax breach—and its controversial mandatory arbitration clause—could push some . . . Republicans […]

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 […]

Equifax and Arbitration

by Scott Nelson     As Jeff noted earlier this morning, Equifax's offer of "complimentary" enrollment in "TrustedID Premier" to people potentially affected (and even people that it doesn't identify as potentially affected) by its data breach came with a catch: The TrustedID Premier terms and conditions include an arbitration clause and class action ban. The terms […]

The Equifax Data Breach and How Equifax is Stealthily Using Arbitration to Defeat Claims by Injured Consumers

by Jeff Sovern Scott posted yesterday about the Equifax data breach, which may end up being as significant a consumer scandal as the Wells Fargo unauthorized account fiasco.  As has been pointed out elsewhere, the disclosure of the Equifax announcement is extraordinary, coming on the same day Congress considered a bill to limit damages against […]

Oops: Equifax Cyberbreach Exposes Personal Data

By Scott Nelson The nation's three big credit-reporting companies have tremendous power over American consumers and collect the most sensitive data about us. With that great power should go great responsibility to protect that information. Now comes news, via CNN, that one of the big three, Equifax, discovered on July 29 that between May and […]

Anonymous Users’ Objection to Search Warrant Seeking to Identify Users Who Communicated with Trump Inauguration Protest Site

by Paul Alan Levy Today we filed our brief on behalf of three anonymous Internet users who object to the breadth of the proposed orders submitted by the Government and by DreamHost, each spelling out their alternative versions of the how Chief Judge Robert Morin had articulated his ruling that enforced a narrowed search warrant […]

House passes bill exempting driverless cars from current safety standards

The House yesterday passed a bipartisan bill, called the “Self Drive Act,” addressing driverless cars. Among other things, the bill would allow car companies to introduce as many as 100,000 such vehicles a year — exempted from safety standards while the technology is developing. At the same time, the bill would bar states from implementing […]

House holds hearing on bill to limit consumer remedies against credit reporting agencies

The House of Representatives Financial Services subcommittee is holding a hearing this morning on HR 2359, entitled the "FCRA Liability Harmonization Act," which would reduce consumer remedies for credit reporting abuses. It would impose a $500,000 cap on damages in class actions brought under the Fair Credit Reporting Act and eliminate punitive damages in individual […]