data breach Archives - Americans for Financial Reform

Joint Statement: Groups Demand to Know How Much Money Credit Bureaus Will Make Off Data Breach

American for Financial Reform, the Consumer Federation of America, the National Consumer Law Center, U.S. PIRG, and other nonprofit advocacy groups wrote a letter to the CEOs of all three companies asking for detailed information on how the data breach might be leading to higher revenues in credit freeze fees and credit monitoring services.

AFR Letter: How Much Will Credit Bureaus Make Off Equifax Data Breach?

American consumers deserve to know how much money the big three credit bureaus — Experian, Equifax and TransUnion — will make due to the devastating data breach at Equifax.

AFR Statement: Equifax Earnings Highlight Broken Model of Credit Reporting

The hack may even have been a boon to the bottom line of credit reporting companies, which charge consumers to freeze their credit report or monitor their credit, even though consumers are seeking these protections due to this massive breach.