(BIVN) – Hawaii U.S. Senators are demanding new consumer protections following the Equifax breach of over 145 million Americans’ personal information. That breach included more than 462,000 consumers in Hawaii.
During a Wednesday Judiciary Committee hearing in Washington, Sen. Mazie Hirono grilled former Equifax CEO Richard Smith.
“The Equifax data breach will have far-reaching and long-lasting consequences for over 145 million Americans, and Mr. Smith’s refusal to recognize that these consumers have a right to know the totality of the information Equifax and other credit reporting agencies have on them is beyond the pale,” said Senator Hirono after the hearing. “We will continue to hold Equifax accountable, and must explore legislative solutions to ensure that consumers’ data is protected.”
In a Facebook video, Sen. Brian Schatz sat down with Maryland Sen. Chris Van Hollen to talk about the Equifax scandal and what can be done to hold the company more accountable.
“Doing the right thing to protect consumers should be the rule, not the rare exception,” stated Schatz on September 28. “That’s why Senator Warren and I have introduced a bill that would require credit agencies to give people more control over their credit reports, free of charge. While it is good to see Equifax finally bowing to weeks of public pressure to get here, I hope the Senate will look closely at this issue so that these companies are held accountable going forward.”
During a Banking Committee hearing held the day before, Schatz took aim at another huge company, Wells Fargo, for creating millions of fake bank accounts and collecting fees from unsuspecting victims.
“It occurs to me that only in financial services, only in this industry,” Schatz said during an exchange with Wells Fargo CEO Timothy Sloan, “where can people can make such massive errors and there doesn’t appear to be any accountability.”
by Big Island Video News
WASHINGTON D.C. - Senators Brian Schatz and Mazie Hirono are putting pressure on Equifax and Wells Fargo in the nation's capital.