Equifax Is Bashed for Forcing Arbitration on Consumers After Data Breach

, The National Law Journal


The credit reporting agency Equifax Inc. faces enormous national backlash and future scrutiny after revealing one of the largest data breaches in the U.S., one that potentially affects nearly half of the country’s population. The company drew even more criticism for its move to force customers to agree to arbitration to participate in a free credit monitoring and identity theft service. Equifax has resisted efforts by U.S. regulators to ban the widespread use of arbitration agreements in consumer contracts in the banking and finance industries.

This premium content is reserved for National Law Journal subscribers.

Continue reading by getting started with a subscription.

Already a subscriber? Log in now

What's being said

  • Steve Elliott

    To whom and where do I write to withdraw from the arbitration terms?

  • menkaiimessor

    I am student still but proud to say I am earning really well. Trading is the best thing that ever happened to me. If you are interested in how I do it, google Superior Trading System to find out.

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202797576871

Thank you!

This article's comments will be reviewed.