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The credit reporting agency will pay up to $700 million in fines and monetary relief to consumers over a 2017 data breach that affected nearly 150 million people.
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The credit reporting agency said Chairman and CEO Richard Smith is retiring — just weeks after Equifax acknowledged that hackers had accessed the personal information of up to 143 million consumers.
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The day that Equifax said millions of Americans' personal information had been exposed, lawmakers were considering legislation the industry favored. Now, some are calling for tougher regulation.
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The credit-rating company last week said it was hacked, leaving 143 million consumers' personal information exposed. Equifax now faces lawsuits and investigations. Read tips on safeguarding your data.