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Equifax

Politics

How ‘The FREE Act’ Could ‘Freeze’ The Credit Industry

Between May and July, hackers breached the cybersecurity of Equifax, a company that provides consumer credit scores, exposing the personal details of up to 143 million U.S. consumers. This information included names, driver’s license numbers, and Social Security numbers. Democrats immediately jumped at the chance to regulate the credit industry. Sen. Elizabeth Warren (D-MA) and Sen. Brian Schatz (D-HI) proposed the Freedom from Equifax Exploitation Act (FREE Act), a panicked, overreaching response to an event that doesn’t define or represent the credit industry. The FREE Act would ultimately enable the excessive and unnecessary regulation of a credit industry that provides… Keep Reading

News

Monopoly Man Trolls Wall Street Fat Cats During Congressional Hearing

Rich Uncle Pennybags, commonly known as the mascot from the classic board game Monopoly, showed up on Capitol Hill today to troll Equifax, a corporation whose negligence caused a massive data breach putting the personal credit information of over 100 million individuals up for grabs. The activist wore Pennybags’ signature top hat and distinguished white mustache while dawning a lavish suit during the Senate Banking Committee hearing on Wednesday. He even pulled out his signature monocle to get a better look at former Equifax CEO Richard Smith as he took the stand and gave testimony, taking full responsibility for the… Keep Reading

News

Equifax Chief Information Security Officer Was An Affirmative Action Hire

Following a security breach that exposed the credit information of 143 million people to hackers, it was revealed that Equifax Chief Information Security Officer Susan Mauldin was a music major in college. Equifax, which is a credit reporting agency, hired Mauldin as their Chief Information Security Officer in 2013. Previously, Mauldin was the Senior Vice President and Chief Security Officer at First Data Corporation until 2013. Prior to that, she was also SunTrust Banks’ Group Vice President from 2007 to 2009. How she got any of these positions, or the skillset required for them, is still an open question considering… Keep Reading

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