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Equifax "Rewarded" By Senate Despite Breaches
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13 Mar 2018 03:16 AM EST

Equifax’s role in the biggest consumer data breach in U.S. history isn’t stopping Congress from giving the giant credit reporting company sweeping protection from lawsuits. This while allowing the company to expand its offerings into the mortgage business.
Those favors for Equifax and its peers in the credit reporting industry are among the surprise provisions in a major banking and financial deregulation bill. The Senate is set to pass the bill this week.
The changes were made public only last Wednesday. They are providing new ammunition to critics of the banking legislation, which would scale back regulations imposed after the 2008 financial crisis.

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