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.