equifax hack leaks financial info of 1/2 of Americans, hit with

>"It's shameful that Equifax would take advantage of victims by forcing people to sign over their rights in order to get credit monitoring services they wouldn't even need if Equifax hadn't put them at risk in the first place," Brown said in a statement.

>At least one class-action suit has been filed against Equifax following the data breach.

>While it's still unclear whether the arbitration clause applies only to the credit-monitoring service, or whether it could also prevent consumers from suing over the Equifax data breach as a whole, legal experts say the clause is "troublesome" in its broadness.

>"If you just look at the terms of the arbitration agreement, there's an argument that it would cover the underlying data breach," Leah Nicholls, a staff attorney at the nonprofit law firm Public Justice, told Business Insider. "If Equifax is serious about this arbitration agreement not applying to its underlying data breach, it should rewrite its arbitration agreement or get rid of it."

>Nicholls added that the clause's opt-out provision was likely "just a way for them to try to make themselves look a little better," and will probably do little to protect the legal rights of consumers who are unfamiliar with arbitration clauses, or unaware that the terms-of-service agreement contains one.

>"Certainly I encourage everyone to opt out," she said. "But we're definitely not going to be able to reach everyone with that message."

>Arbitration clauses have been a hot-button issue in recent months, after the Consumer Financial Protection Bureau moved to ban them entirely over the summer, a rule that won't take effect until later in September and won't affect contracts made before March 19, 2018, according to The Washington Post.

>Yet House Republicans have already voted to repeal the ban, prompting renewed criticism on Friday.

But don't worry, treasury secretary Steven Mnuchin surely understands and supports the need for a consumer protections :^)
>The Consumer Financial Protection Bureau was created to pursue an important mission, but its unaccountable structure and unduly broad regulatory powers have led to regulatory abuses and excesses. The CFPB’s approach to enforcement and rulemaking has hindered consumer choice and access to credit, limited innovation, and imposed undue compliance burdens, particularly on small institutions.
https://www.treasury.gov/press-center/press-releases/Documents/A%20Financial%20System.pdf
Whoops, guess not. Better get used to accidentally signing the rights to all your assets away and having a far right supreme court upholding the terms of the contract. Who would have guessed that winning so much would feel like being raped by bankers in every orifice simultaneously and forever?

lol this is comparably worse than the swedish defense leak

Class action lawsuit won't do shit but let the lawyers profit. Can't wait for my 50 cent check from equifax!

I would prefer if it the managers would get the bail denied and receive a good licking by both the guards and the fellow inmates.

Equifax dindu nuffin

>>177032
Companies like Equifags are never at fault. It's always rushan or chink haxx0rs or whatever the excuse calender of the "Bastard Executive from Hell" says.

Equifax have taken scumbag to an extreme level here.

Equifax may be guilty of insider trading too. Several of their upper management sold millions of dollars of stock days before they released the fact that they'd leaked data on millions of people.

The signup website which tells you if you're affected or not gives the same people different results depending on which device they check from, indicating that they don't know or are just using it as a money-making ploy to get people to sign up to their new service.

https://twitter.com/zackwhittaker/status/906247688768905216
>Just wow. If you enter "Test" and "123456" on Equifax's hack checker page, it says your data has been breached.

https://techcrunch.com/2017/09/08/psa-no-matter-what-you-write-equifax-may-tell-you-youve-been-impacted-by-the-hack/

https://krebsonsecurity.com/2017/09/equifax-breach-response-turns-dumpster-fire/

https://www.bloomberg.com/news/articles/2017-09-07/three-equifax-executives-sold-stock-before-revealing-cyber-hack