For Immediate Release
U.S. PIRG Statement on Resignation of Equifax's C.E.O.
Statement of U.S. PIRG Consumer Program Director Ed Mierzwinski on News of Retirement of Equifax CEO After Massive Data Breach Affecting 143 Million Consumers.
WASHINGTON - “Big deal? Equifax is just sacrificing its king after retiring a knight and a rook. That doesn't change the optics of its terrible data breach and its slow, inadequate and maddening response to its consumer-victims. This predictable and coldly calculated corporate maneuver may make shareholders happy but it doesn’t mean anything for consumers. Instead, Congress must move quickly to give consumers the right to control access to their credit reports by enacting free credit freeze legislation such as the Freedom from Equifax Exploitation Act, S 1816 (Warren-MA). Congress must also pass HR 3755 (Waters-CA), a comprehensive proposal to more broadly reform the credit bureaus, which includes improving their accuracy and dispute resolution systems. Finally, the Senate must cease its shameful effort this week to repeal the Consumer Financial Protection Bureau’s arbitration rule restoring consumer rights to go to court against corporate wrongdoers from Equifax to Wells Fargo."
U.S. PIRG, the federation of state Public Interest Research Groups (PIRGs), stands up to powerful special interests on behalf of the American public, working to win concrete results for our health and our well-being. With a strong network of researchers, advocates, organizers and students in state capitols across the country, we take on the special interests on issues, such as product safety,political corruption, prescription drugs and voting rights,where these interests stand in the way of reform and progress.