CUNA continued its push for Congress to ensure consumers affected by the Equifax data breach are notified and protected with 3 letters sent to Senate and House committees Wednesday and Thursday. The letters were to leaders of the Senate Banking Committee, Senate Judiciary Committee and House Financial Services Committee, each of which conducted a hearing on the breach this week.
“The massive Equifax data breach has put more than 143 million American consumers at risk by exposing consumers’ most personal information along with hundreds of thousands of credit card numbers," wrote CUNA President/CEO Jim Nussle. "Stolen information includes personally identifiable information (PII), including Social Security numbers, birth dates, and driver’s license numbers and payment card data including credit and debit card numbers.
Nussle detailed how credit reporting agencies such as Equifax are integral to the loan underwriting process that facilitates the extension of credit. In addition, credit union both provide Equifax with information and purchase information.
“We encourage you and your colleagues to ensure that consumers impacted have been properly notified and that Equifax has taken all measures to ensure that consumers are not at further risk,” Nussle wrote.
CUNA wrote to the House Energy and Commerce Committee earlier this week expressing the same concerns. It also filed a lawsuit against Equifax Wednesday, and hosted a member call earlier in the week to discuss legal options for credit unions.