Following Equifax Breach, Rep. Waters Calls For Credit Reporting Overhaul
Following Equifax breach, Rep. Waters calls for credit reporting overhaul
Rep. Maxine Waters, ranking member of the House Committee on Financial Services, called on Friday for a complete overhaul of the nation’s credit reporting system.
The California Democrat’s statement came a day after Equifax disclosed a major breach of its systems, in which private data on as many as 143 million Americans, including Social Security numbers, addresses and more, were exposed.
“This hack into sensitive information compiled and maintained by Equifax is one of the largest data breaches in our nation’s history and someone has to be held accountable,” Waters said.
“Given the important role credit scores play in the lives …