Mar 1, 2018

Democrat introduces bills to raise accountability post-Equifax

Ted Lieu

Rep. Ted Lieu at the 2016 Democratic National Convention. Photo: Saul Loeb / Getty

Rep. Ted Lieu (D-Calif.) introduced two bills Thursday in response to the 2017 Equifax data breach, one banning forced arbitration clauses that keep lawsuits out of court after a data breach and another expanding the Federal Trade Committee's role in enforcement after credit bureau breaches.

Why it matters: Despite an initial flurry of hearings after the massive Equifax breach, little lasting policy change has come in response to the historic loss of data. The breach took personal data from around 150 million Americans including social security numbers, a number Equifax once again revised on Thursday when it added 2.5 million to those rolls.

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