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> The company also agreed to pay $275 million in fines to end investigations by the Consumer Financial Protection Bureau, the Federal Trade Commission and 48 st
by eblanshey 7y ago
> The company also agreed to pay $275 million in fines to end investigations by the Consumer Financial Protection Bureau, the Federal Trade Commission and 48 states, plus the District of Columbia and Puerto Rico.
Equifax's mess-up did damage to American citizens by exposing their information. Why isn't most, if not all, of the money going to them? "Fines to end investigations" just sounds like a bribe -- the government itself wasn't affected by this, and yet they are being paid as much as the people who were affected -- more so considering only the 31 million pot.
- basch 7y agoWouldn't the information have to surface first to call it exposed?
- craftinator 7y agoNo. You're exposed when you walk through your town naked, not when you see pictures of it later on in the day.
- basch 7y agoSomeone took their data, and then was never seen or heard from again. Its more like someone I dont know got a picture of me naked through my house window and now has that copy of a photo locked in their secret house that nobody knows about. Violated, yet. Exposed, eh. Literally nobody else besides the photographer ever saw me.
- joncrane 7y agoThe money is going to them, in the sense that a) the money will be used to strengthen protections against such a thing happening again, and catching others who do it and b) that's that much less money that CFPB has to get appropriated by Congress, so that much more taxpayer money available for other programs. They're using the money for the public good.