Senate Bill Meant To Punish Equifax Might Actually Reward It
The Equifax data breach affected around 148 million Americans. As the Washington Post reported, the affected people’s compromised information includes even partial driver’s license data. According to Bloomberg, this has made Equifax somewhat of a pariah in Washington.
Ironically, however, the Senate bill designed to punish the consumer credit reporting agency might actually reward it. A last-minute change, an amendment to the bill offered by its author Senate Banking Committee Chairman Mike Crapo, might help Equifax make millions of dollars in revenue.