latimes.com

latimes.com
Share

latimes.com

 •  October 13

In the wake of the massive Equifax data breach, a top Republican congressman wants credit reporting companies to stop using Social Security numbers to verify Americans’ identities. Rep. Patrick McHenry (R-N.C.) introduced legislation Thursday that would crack down on credit reporting companies. It would require Equifax, Experian and TransUnion to...

latimes.com

 •  October 8

Lawmakers in New York are planning a second hearing focusing on identity theft and personal data security following the massive breach at Equifax. The state Senate announced Friday that it will hold a hearing Oct. 24 in Manhattan focusing on the threat of identity theft and ways the state could help ensure consumers are protected. The Senate held...

latimes.com

 •  October 6

The Consumer Financial Protection Bureau’s new rules for payday loans and car title loans have drawn the predictable cries of outrage from lenders, particularly small storefront operators who say the restrictions will put them out of business. And it’s an understandable complaint — after spending five years researching the market for high-cost...

latimes.com

 •  October 6

The nation’s top consumer financial watchdog on Thursday issued tough nationwide regulations on payday loans and other short-term loans, aiming to prevent lenders from taking advantage of cash-strapped Americans. The long-awaited rules from the Consumer Financial Protection Bureau would require lenders in most cases to assess whether a consumer can...

latimes.com

 •  October 3

House lawmakers are sharply criticizing Equifax Inc.’s former chief executive Tuesday for the credit rating company’s massive data breach and calling for tougher cybersecurity legislation to protect Americans’ sensitive information. Rep. Frank Pallone (D-N.J.) blasted Equifax for its response to the hack that exposed the Social Security numbers and...

latimes.com

 •  October 3

The former chairman and CEO of Equifax says the challenge of responding to the concerns of tens of millions of consumers in the wake of a massive data breach proved overwhelming, and regrettably, his company made mistakes. In prepared congressional testimony to be given Tuesday, Richard F. Smith outlines steps the credit reporting company is taking...

latimes.com

 •  September 22

The ad opens with quick cuts of creepy-looking hackers in sinister surroundings. A serious male voice asks: “Is your personal information already being traded on the dark Web?” Then the imagery brightens — a sunny kitchen, a family playing with a fluffy white dog. “Find out with Experian,” says a friendly female voice. “Act now to help keep your...

latimes.com

 •  September 21

The Consumer Financial Protection Bureau could have fined Wells Fargo & Co. more than $10 billion for its illegal sales practices but instead settled for $100 million, according to the agency's internal documents released by congressional Republicans this week. The CFPB also had evidence that the bank's sales problems went back to at least 2006,...

latimes.com

 •  September 19

Even as millions of consumers grapple with fallout from the Equifax data breach, Republican lawmakers are quietly backing legislation to deregulate credit agencies and make them even less accountable for wrongdoing. Bills are pending in Congress to limit class-action damages for violations of the Fair Credit Reporting Act and to give credit...

latimes.com

 •  September 15

After Equifax revealed last week that hackers accessed the Social Security numbers, birth dates and other intimate information of 143 million people, leaving them at a serious lifelong risk of identity theft, both the company and consumer rights advocates were quick to tell Americans they needed to get to work. First, visit the company’s often...