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Banks should not point blame at the credit bureau but rather should step up and demonstrate their commitment to their customers. If you punt the problem to Equifax, it suggests you don’t really care.
September 12
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Online lender’s co-founder says “negative press” from lawsuits has become a “distraction”; company sought lighter regulation and limited legal liability for credit bureaus.
September 12 -
Senate Finance Committee leaders sent a letter to Equifax CEO Richard Smith scrutinizing the scope of the company's data breach and its response.
September 11 -
The loss of 143 million consumers' personal data may prompt a regulatory backlash.
September 11 -
The FBI and at least two states are looking into the data breach; Harvey shut lots of banks, but mobile banking apps keep customers operating.
September 11 -
Everybody say it with me, “Customer data is a liability.” And the Equifax breach shows why.
September 8
American Banker -
Leaders of the national credit union trade associations are once again calling for a congressional solution to a problem that has plagued consumers for years
September 8 -
In order to compensate victims of the breach, Equifax is offering free credit monitoring services that include a mandatory arbitration clause, a measure Democrats were highlighting to lobby support for the CFPB's rule banning such clauses.
September 8 -
One lawsuit has already been filed against Equifax in the wake of its massive security failure. But that’s the just beginning of the consequences for the credit bureau and the Fis that use it.
September 8 -
One lawsuit has already been filed against Equifax in the wake of its massive security failure. But that’s the just beginning of the consequences for the credit bureau and the banks that use it.
September 8 -
It's not just Equifax that needs to worry. The incident can and should be a turning point for the financial services industry, a warning that it needs to end its reliance on static personal identifiers.
September 8 -
Equifax Inc., one of the three biggest credit-reporting companies, was struck by a cyberattack that left almost half the U.S. population at risk, placing it among the most intrusive security breaches in history. The stock fell the most in almost two decades.
September 8 -
Credit bureau says records of 143 million consumers were compromised; state agency penalizes Habib Bank for enabling terror financing.
September 8 -
Intruders accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers in what could be one of the largest data intrusions.
September 7 -
The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.
September 6 -
The creators of Dash, a bitcoin rival whose price has increased nearly 3,400% in 2017, plan to entice thousands of white-hat hackers to inspect the project’s code for flaws.
September 6 -
The first compliance deadline fell last week for the state’s strict new regulation. Banks are struggling with certain elements, such as multifactor authentication.
September 5 -
The agency awarded grants in three areas: digital security, leadership development and technology aimed at enhancing a CU's capacity to serve the underserved.
September 5 -
The internet wasn't built to accommodate identity, which challenges initiatives to balance security with user efficiency.
September 5 -
Compliance is improving, but more than 40% of companies still have work to do, according to a new Verizon report.
August 31


















