Committee will come to order. A recess at the committee of any time and all will have five days for inclusion in the record. Entitled examining the equifax data breach. On september 7th equifax announced a Cyber Security incident. It effected 145 million u. S. Consumers, nearly half of all americans. In other words if your hearing my voice youre either the victim or you know someone who is. Thats how massive this brief was. Criminals got basically everything they need to steal your identity, open credit card accounts in your name it may with b the most harmful the world has ever seen the companys response has left much to be desired. For weeks equifax about whether people were victims of the breach or not. And beyond brief they sold their equifax before the company disclosed the breach. I trust the Justice Department will get to the bottom of this. Clearly action by the federal trade commission and potentially other regulators is required. Congress must ensure federal regulators do the
Executive officer of equifax who held those positions until last week. I understand that youre now serving as an unpaid adviser to the company and appreciate your willingness to testify here and appear and testify about the events surrounding the brief and equifaxs response while you were leading the company. Congress will continue to examine the facts. Cybersecurity is one of the most important issues facing companies as well as consumers and government alike and is one of the biggest threats to our Financial System. The amount of data that the private industry and government collect and store is very concerning. There is intrinsic vulnerability in collecting and storing personal Financial Information, and we need to have a meaningful discussion on how to protect and limit access to it. The Banking Committee takes its oversight of Credit Bureaus seriously. As they are Financial Institutions under the grand leach bliley act. Credit bureaus serve a critical function in our Financial Sys
There for you. You cant be there. And everything i see is important. American history tv. All weekend, every weekend, only on cspan3. Sunday night on after words. Over 90 of Sexual Harassment cases end up in settlements. And what does that mean . That means that the woman pretty much never works in her chosen career ever again. And she can never talk about it. Shes gagged. Now how else do we solve Sexual Harassment suits . We put in arbitration clauses in employment contracts, which make it a secret proceeding. So, again, nobody ever finds out about it if you file a complaint. You can never talk about it. Ever. Nobody ever knows what happened to you, and in most cases youre also terminated from the company, and the predator, in many cases, is left to still work in the same position in which he was harassing you. So this is the way our society has decided to resolve Sexual Harassment cases. To gag women so that we can fool everyone else out there that weve come so far in 2017. Former fo
Racing dynasty. A Senate Committee heard from the Credit Reporting industry and Consumer Protection groups. The hearing is just under two hours. This committee will come to order. As a followup to our hearing on a equifax data breach. At the hearing members expressed interest in better understanding how Credit Bureaus of regulated, how they protect consumer data and whether there are gaps that Congress Needs to fill. I have long been concerned about the ever increasing amounts of big Data Collected by companies and by the government. It is critical that personal data is products. Consumers ability to assess credit is not harmed. Credit bureau plays a valuable role by helping assess an ability to meet financial obligations and also facilita facilitating to Financial Products and services. The inherent nature as with most businesses in this digital age requires utmost data zurt to ensure that sensitive Consumer Information is safeguarded. Two weeks ago equifact testified about the method
Tribute in light shines over Lower Manhattan in new york city where the twin towers once stood. How one father is using his grieve to create a personal contribute to thousands of families. Plus a man is in the hospital after shooting at a deputy in Boulder County. The latest on the investigation. And a body is found in a car in thornton. The discovery now connected to the a search for im kelly worthman. Well have more on those stories in just a moment, but first lets get a check of the forecast in colorados weather center. Check this out. This is our Lookout Mountain camera. The sun is up and already shining. Its going to be a very hot day for us. Maybe one of the last big hot days of the season. The way things look, because in the week ahead, were going to have a good cooldown that lasts boulder, 60 in greenwood village. On the satellite weve got a couple clouds shooting from park county to jefferson county, so we may have passing clouds this morning mixed in the with the sunshine, bu