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I keep seeing calls for the government to revoke Equifax's corporate charter, because we citizens cannot vote with our wallets in this case; we are not Equifax'
by DamnInteresting 9y ago
I keep seeing calls for the government to revoke Equifax's corporate charter, because we citizens cannot vote with our wallets in this case; we are not Equifax's customers. But I wonder about Equifax's actual customers, the financial institutions that choose to rely on Equifax for credit reporting. What sensible institution would continue to trust Equifax after all of this nonsense? Perhaps banks and the like should all abandon Equifax as a credit reporting source and let the company die of natural causes.
- dredmorbius 9y agoEquifax's actual customers face no risk, on the outbound reports side. Data sources might be another case.