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RE: Equifax Hack Exposes Sensitive Financial Data of 143 Million people
Agreed. These agencies were not designed to help people, and it is unsurprising that they're now exposing millions to new economic and legal risks as a result of their irresponsible business practices.
I believe that in the wake of these events, this is the best time for Congress and the president to step in and pass a law here in the United States of America that would prohibit employers from obtaining consumer credit reports on job applicants. Quite a few state and municipal jurisdictions have laws against employers prying into job applicants' credit history. New York City is a model example of a municipal jurisdiction that passed such a law, and, as a result, many people got off of welfare inasmuch as they were more easily able to secure employment. President Trump is from New York City, so he has seen first hand how successful this law is. Therefore, I believe that he would likely be more than happy to support such a law on a nationwide scale. This is also a bi-partison issue, because Congresswoman Elizabeth Warren wishes to pass a law like this in all fifty states; and she's a Democrat. If this law were to pass, the only people who would be suffering any kind of loss would be the owners of the consumer credit bureaus. However, after all the problems they have caused the public at large from the time that they came into existence, it would be payback against them that would be well deserved. President Trump campaigned for president last year on the promise that he would put many Americans back to work. This is his golden opportunity to make good on that promise of his.