Before, during and after retired Equifax CEO Richard Smith’s recent testimony before the House Energy and Commerce Committee regarding the company’s recent data breach, multiple congressional representatives stated their desire to pass legislation that would increase regulatory oversight of credit reporting companies.
The proposed pieces of legislation are intended to hold companies that collect consumers’ personal information responsible for the security of that data and to give consumers more control over who can access their credit information.
Learn who is behind the legislative pieces and what they could mean for consumers if adopted by reading further.