Equifax's arbitration clause raises eyebrows after data breach

▤ Summary

Equifax, one of the big three credit bureaus, is in the crosshairs of consumers nationwide after the company said late Thursday that a massive security breach allowed thieves to steal personal information on 143 million people to fall into the wrong hands. Signing up for the free services doesnt affect a consumers right to sue over the actual data breach and any fraud resulting from it, he said. Likewise, there were rumors Friday that simply checking Equifaxs special website to see whether your Social Security number has been affected could throw you into forced arbitration. Nonetheless, U.S. Sen. Sherrod Brown (D-OH) on Friday called on Equifax to immediately remove the forced arbitration clauses from all services its offering in connection with this data breach. "If Equifax is genuine about wanting to protect customers, it must remove forced arbitration immediately from TrustedID and any other services offered to victims of the data breach."

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Equifax Inc.

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