Following the recent announcement that hackers had gained access to consumer data from Equifax, one of the three major credit-reporting agencies, Secretary of Banking and Securities Robin L. Wiessmann advised consumers to take control of their personal and financial data.
When consumers apply for credit cards, bank accounts, or loans, lenders rely on this information supplied by Equifax and the other two major credit reporting agencies, Experian and TransUnion. Equifax announced that data of 143 million American consumers may have been compromised, including names, Social Security numbers, birth dates, addresses, and even drivers’ license numbers and credit card numbers.
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