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Congress votes to disallow consumers from suing Equifax
- runesoerensen 9y agoThe current title is misleading. It's not yet clear what effects the new rule would have had on Equifax, and in any case it would've applied to a lot more companies than just Equifax. Better source (and title): "Consumer Bureau Loses Fight to Allow More Class-Action Suits" https://www.nytimes.com/2017/10/24/business/senate-vote-wall-street-regulation.html https://www.nytimes.com/2017/10/24/business/senate-vote-wall...
- parent5446 9y agoHell, the article itself ends with "It’s not entirely clear what effect, if any, this would have on the Equifax situation specifically, since the company has voluntarily limited the scope of its arbitration terms, although clearly it is a serious blow to consumer protections at large." They clearly were aiming for a more click-baity headline. People want to read more about Equifax I guess.
- guelo 9y agoThank you for that NYT link, it is much more informative. The techcrunch article is strange, it debunked it's own headline but still kept the focus on Equifax.
- dang 9y agoOk, we'll merge this thread into https://news.ycombinator.com/item?id=15547631 https://news.ycombinator.com/item?id=15547631.
- peterlk 9y agoPure speculation ahead: Suppose for a moment that the Equifax hack was carried out by a nation-state (like, say, North Korea). This is not an issue of consumer trust and safety. It is an issue of national (US) security and safety. To give another analogy, imagine that in 1920, the Canadian military marched over the border and robbed
- peterlk 9y agoI can't seem to delete this comment. Not sure why it posted - I'm posting through an app, so maybe that caused an issue. Can a mod delete it please?
- marksomnian 9y agoEmail a link to it to hn@ycombinator.com, the mods can't see every comment but they do check that email.
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- c517402 9y agoSadly, this is the way many federal laws come to be. Agencies and Bureaus in the executive branch propose rules(laws) and if congress doesn't specifically vote them down, they become federal statutes. I'm glad to see congress actually exercising it's oversight instead of letting the executive branch run so much of everything. But, I wish it hadn't exercised it's oversight on this specific matter.