The terms of the settlement between Equifax and federal regulators over the massive data breach that exposed millions of consumers’ personally identifiable information have been criticized for not providing sufficient funds for redress.
The terms also are unacceptable to Sen. Elizabeth Warren (D-Mass.), who is calling for an investigation as to whether the Federal Trade Commission (FTC) was “misleading” in its statements about the sort of redress the public could expect as a result of its agreement with Equifax.
Read on to learn more about this situation, and what specifically Warren had to say regarding the settlement.