FTC Inks Equifax Deal As Pressure Mounts On Data Brokers

Law360, New York (October 10, 2012, 9:38 PM EDT) -- The Federal Trade Commission on Wednesday secured a $1.6 million settlement with Equifax Information Services LLC and several of its customers to resolve allegations that the companies illegally sold mortgage delinquency information, a move attorneys say builds on the agency's pledge to police data brokers and arms lawmakers with further ammunition in their ongoing probe into the industry.

Under a proposed consent order subject to a 30-day public comment period, Equifax will pay $393,000 to resolve allegations that it violated the Fair Credit Reporting Act by...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.