3 ms·
Roughly 10% of revenue is something, but not that big of a deal, especially since their overall revenue is up. Don’t you think stronger consequences than that
by karmelapple 5y ago
Roughly 10% of revenue is something, but not that big of a deal, especially since their overall revenue is up.
Don’t you think stronger consequences than that should happen when a company unintentionally discloses tens of millions of people’s personally identifiable information that has been collected without any particularly explicit permission given by those people?
Credit agencies hold a special place in the US economy, and when they messed up this badly, the team threat of some near-going-out-of-business level consequences seem like the only way to truly get other companies to take this seriously. Especially considering that there are other credit agencies in the country - they don’t have a monopoly on this.
- chillwaves 5y agoTheir business model is weaponizing this information against consumers. They work for the businesses that do lending, not for the recipients of the loans. And you would think that given their one job is to supposedly safeguard this info, the consequences would be more severe or we would re-think this entire business model of consumer credit, but our society is not capable of that kind of consumer advocacy. Likely due to some powerful interest's bottomline.