Bankers anxious over consumer reactions to Equifax breach

29 Sep by

Bankers anxious over consumer reactions to Equifax breach

Bankers anxious over consumer reactions to Equifax breach

Equifax said on Wednesday it “will let consumers easily lock and unlock access to their Equifax credit files” by the end of January. The pledge came in an apology from the company’s interim chief executive for the exposure of personal identification information for 143 million people in a cyber attack. Restrictions on reports, however, stall the credit checks lenders need for making legitimate loans, requiring borrowers take the extra step of getting the restrictions removed.

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Source:: https://finance.yahoo.com/news/bankers-anxious-over-consumer-reactions-equifax-breach-164228304–sector.html

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