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Equifax Faces Fresh D.C. Fury With Democrats in Control of House

Feb. 26, 2019, 5:30 PM

Equifax Inc. was back in lawmakers’ crosshairs Feb. 26, with both Democrats and Republicans pledging tougher oversight of credit-reporting companies in response to a data breach that put millions of Americans’ personal information at risk.

House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) blasted Equifax and its competitors at a Washington hearing, claiming the companies have actually tried to take advantage of the 2017 hack to sell new data-security services to customers. Rep. Patrick McHenry (R-N.C.), the panel’s top Republican, argued that because Equifax, TransUnion and Experian Plc dominate the industry, they have little incentive to put consumers’ interests first ...