The Wall Street Journal reports credit-monitoring firms could face regulation from Capitol Hill in 2019 in response to the Equifax data breach, particularly after Democrats regained control of the U.S. House of Representatives. Lawmakers have created proposals to change the ways credit-monitoring firms handle customer data and toughen cybersecurity standards within the industry. House Democrats have placed the topic at the top of their agenda for the upcoming year. “The Equifax data breach response is far from over,” Cowen Washington Research Group Analyst Jaret Seiberg said. “There will be more legislation in the next two years that impacts Equifax and the other credit bureaus.” (Registration may be required to access this story.)
If you want to comment on this post, you need to login.