Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Equifax says consumers can still sue after class action law axed

Published 25/10/2017, 17:51
© Reuters. FILE PHOTO: Trading information and the company logo are displayed on a screen where the stock is traded on the floor of the NYSE in New York
EFX
-

(Reuters) - Equifax Inc (N:EFX) said on Wednesday the U.S. Senate's move to kill a rule allowing customers to sue financial companies in class actions does not prohibit consumers from taking legal action against the credit reporting firm over its massive cyber breach.

Equifax came under fire for including a forced arbitration clause in a package of free credit monitoring and identity theft protection products it offered consumers after the breach, which compromised sensitive data on 145.5 million people, but it quickly removed the clause saying it was a mistake.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.