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Stock impact report

The real outrage isn't Equifax's arbitration clause — it's all the others [Los Angeles Times (CA)]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
The real outrage isn't Equifax's arbitration clause — it's all the others Equifax won’t win any prizes for its handling of a massive security breach that potentially exposed the personal information of 143 million people to hackers. But it was striking that of all the things that outraged consumers, the one that drew the most attention was Equifax’s inclusion of an arbitration clause in its offer of free credit monitoring. Yes, it was slimy for the company to try to deny people their right to sue or to join class-action lawsuits. But no, Equifax was by no means alone in pulling such a stunt. The reality is that many if not most service agreements presented by businesses to consumers contain such a provision, and they get away with it because there’s precious little outrage over this shamelessly unfair practice. “These forced arbitration clauses are everywhere,” said Christine Hines, legislative director for the National Assn. of Consumer Advocates. “But I’m not sure there’s w Show less Read more
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