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Proof that the rich and powerful don't play by the same rules

It has been over a year since Equifax exposed our personal information to hackers and then waited a month to tell us. That's an outrage.

Even more outrageous: Equifax and its executives have faced no consequences for their willful wrongdoing. Equifax's stock price has bounced back. The company reported annual profits of $236 million and rewarded its disgraced CEO with a $90 million golden parachute.

Details are just back from the General Accounting Office – the hackers slipped through a known weak spot in the Equifax cybersecurity network and spent weeks sifting through the financial information of 140 million Americans.

Yet the Trump administration has refused to take action against Equifax. My colleagues and I are pushing for answers from the White House, and we're proposing legislation to crack down on wrongdoing by financial institutions.

If you had your identity stolen in the past year – or if it's stolen in the coming year – there's a good chance that Equifax is directly to blame. And what has it cost Equifax and company management?

Nothing.

That's just wrong.

It's proof that the rich and powerful don't play by the same rules as the rest of us. I'll never stop fighting to bring justice to the U.S. financial system. We've got to hold Equifax and other powerful corporations accountable for their actions.

Ron

Posted on October 2, 2018.

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Meet Ron Wyden

Ron Wyden, Jeff Merkley and Elizabeth WarrenRon Wyden is a champion for our progressive values -- standing up for consumers and the middle class, fighting for digital privacy and an open internet, protecting our planet and Oregon's special places, and always insisting on human rights and equality for all.

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