Equifax has already come under fire from members of Congress, state attorneys general and customers
In this July 18, 2012, file photo, credit card logos are seen on a downtown storefront as a pedestrian passes in Atlanta. When you die, you don’t just leave behind your family and your legacy. You also leave behind your debts. In general, your assets and debts become part of an estate. It’s the estate’s responsibility to pay them. Credit card debt can get a bit tricky. (AP Photo/David Goldman, File), photo: AP/David Goldman, File
12 of September 2017 18:18:18
NEW YORK – Equifax faces new lawsuits and is trying to make new gestures to customers in the wake of its disclosure last week that it exposed vital data like Social Security numbers of about 143 million U.S. citizens.It's already come under fire from members of Congress, state attorneys general, and customers.The company and its competitors, TransUnion and Experian, gauge how much of a risk people are for borrowing money. So they have some of the most sensitive information about U.S. citizens' financial lives — all of it a trove for identity theft.Here's the latest on what you need to know about the breach: LAWSUITSSeveral law firms have already announced lawsuits against Equifax, and are all seeking to become class-action cases. If a class-action lawsuit is approved, it would be one of the largest class-action suits, by number of affected customers, in history.Some state authorities have announced their own lawsuits against Equifax, including Massachusetts Attorney General Maura Healey.Healey said Tuesday the Equifax breach "may be the most brazen failure to protect consumer data" her office has seen. Healey will claim in the lawsuit that Equifax violated state laws by not maintaining safeguards needed to protect people's data. WHAT IS EQUIFAX DOING?Equifax, under pressure over how it's handled the breach, now says it is allowing customers to freeze their credit reports for free for the next 30 days.That comes after consumers calling the number Equifax set up complained of jammed phone lines and uninformed representatives, and initial responses from the website gave inconsistent responses. Many got no response, just a notice that they could return later to register for identity protection. Equifax says it's fixed many of the issues people ran into.