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It’s been nearly 2 years since the #EquifaxBreach – & Congress still hasn’t acted to protect consumers or prevent the next breach. So @MarkWarner @RepCummings, @CongressmanRaja & I are reintroducing a bill to impose massive, mandatory fines when companies expose personal data.
.@Equifax let hackers steal personal info from almost 150 million Americans. If this bill had been the law before the breach, the company would have paid at least $1.5 billion in fines, half of which would have gone straight back to affected consumers.
.@Equifax didn’t just allow the breach to happen. It also initially refused to come clean with the public & help consumers protect themselves. And according to a new Congressional report, the company is STILL failing consumers months later. warren.senate.gov/download/equif…
Enough is enough. Credit reporting agencies like @Equifax collect our information without our permission. If they allow that information to get stolen, they need to be held accountable. My colleagues & I urged the @FTC & the @CFPB to do just that. warren.senate.gov/newsroom/press…
