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Dems pitch data protections in response to Equifax woes

Joe Mont | September 20, 2017

A coalition of Democratic senators has introduced the Freedom from Equifax Exploitation (FREE) Act, a stated effort “to give control over credit and personal information back to consumers.”

A data breach recently announced by consumer credit rating firm compromised the personal information of as many as 143 million Americans. It “highlighted just how little control consumers have over the collection, use, and sale of their own credit data,” proponents of the legislation said in a statement.

“Credit reporting agencies like Equifax make billions of dollars collecting and selling personal data about consumers without their consent, and then make consumers pay if they want to stop the sharing of their own data,” said Sen. Elizabeth Warren (D-Mass.). “Our bill gives consumers more control over their own personal data and prohibits companies like Equifax from charging consumers for... To get the full story, subscribe now.