3 ms·
Another situation of too big to fail? I sure hope not. Why are they still in business? Any worthy regulation of any type would have shut them down already no?
by donclark 7y ago
Another situation of too big to fail? I sure hope not.
Why are they still in business? Any worthy regulation of any type would have shut them down already no?
- JumpCrisscross 7y ago> Why are they still in business? Lawsuits are progressing. It's possible legal costs (plus the accompanying reputational damage) will eventually force Equifax into bankruptcy. (I, for example, refuse to open credit lines if they require an Equifax credit check.) At the end of the day, you can't just kill companies because you don't like them. We don't have general data protection laws with heavy penalties in the United States. The only way to extract a pound of flesh is to show damages, which has been difficult given how little we know about who stole the data and what they did with it. Nevertheless, the lawsuits progress.