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Everyone has to stop using services from financial institutions who use Equifax (i.e. almost all of them) until they cut ties with Equifax. If millions of peopl
by smnrchrds 7y ago
Everyone has to stop using services from financial institutions who use Equifax (i.e. almost all of them) until they cut ties with Equifax. If millions of people cancel close their BoA account in a single day, I imagine BoA would dump Equifax.
Of course, like most vote with your wallet schemes, this would never work in the real world. Anything that requires collective action of millions or billions of individuals, will either die with a whimper or make its way to history books as a once-in-a-century event. We cannot solve climate change by boycotting polluting companies; there is no way enough people join the boycott to make a difference. This is the same.
Like climate change, the only realistic path of success is political pressure. Equifax will remain as is as long as the legislature leaves them alone. If you want this to change, get involved in politics, write to your politicians, run for office.