Class Actions Blog

Posts Tagged ‘Equifax’

New poll finds a large majority of Americans back new regulations and class actions after Equifax data breach

Posted on: October 11th, 2017 by Steve Larson

A poll conducted by Morning Consult found that after the Equifax Data Breach, 68% of Americans would join a class action against Equifax. Here is a link to the article.

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Los Angeles Times says that GOP efforts to undermine Consumer Financial Protection Bureau are absurd

Posted on: October 3rd, 2017 by Steve Larson

Here is the quote from the end of an article about the Wells Fargo and Equifax scandals.

“Just as Wells Fargo’s assorted scandals highlight the absurdity of Republican efforts to do away with the Consumer Financial Protection Bureau, the Equifax breach shows the foolishness of deregulating credit agencies.”

Here is the link to the article.

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Media just becoming aware that Georgia Representative is seeking to gut the Fair Credit Reporting Act to protect Equifax

Posted on: September 27th, 2017 by Steve Larson

Many articles are now appearing pointing out that Georgia Representative Loudermilk proposed a bill to gut the regulations applicable to Equifax (which is headquartered in Georgia) just before the data breach became public. Here are links to the articles:

Vanity Fair

New Republic

NBC News

Wall Street Journal (paid subscription required)

Law.com

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L.A. Times says Equifax forced arbitration clause is not the outrage, it is all the others

Posted on: September 26th, 2017 by Steve Larson

David Lazarus, a business reporter for the L.A. Times, wrote an article stating that consumers are just now becoming aware of the forced arbitration issue because of the Equifax attempt to force consumers whose data had been stolen to waive their right to bring cases in court by inserting a forced arbitration clause in the small print of a credit monitoring product that was offered as a remedy for the breach. Mr. Lazarus said the real outrage is that the use of forced arbitration clauses are so pervasive.

Here is the link to the article.

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Stephen Colbert explains the Equifax bungle

Posted on: September 22nd, 2017 by Steve Larson

Stephen Colbert explains the Equifax bungle on The Late Show with Stephen Colbert.

Read more…

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American Banker Magazine says that Equifax data breach may doom GOP efforts to stop CFPB from banning class action waivers

Posted on: September 13th, 2017 by Steve Larson

An interesting article in the American Banker Magazine says that the hoopla surrounding the Equifax data breach, including Equifax’s efforts to force consumers into arbitration after the data breach, may mean doom for GOP efforts to reverse the rule adopted by the CFPB that bans forced arbitration and class action waivers.

Click here for the article.

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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