This is one of several appearances he made. This is two hours. This is two hours. The committee will come to order it as we hear testimony from a the ceo from equifax that held those positions until last week i understand you are now an unpaid advisor to the company that we appreciate your willingness to testify here about the events surrounding the breach and equifax response what you were leading the company. Given the severity congress will continue to examine the facts and what can be done to prevent similar situations cyber securities one of the most pressing issues facing Companies Consumers and governments alike is one of the biggest threats to the Financial System the amount of data us the industry collective stores very concerning intrinsic vulnerability collecting and storing personal information when you have the Banking Committee takes the oversight seriously and Financial Institutions Credit Bureau serves the critical function to be a daily part of every americans intersec
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
Table for their support in making this event possible. Here to say a few words is joshua bolten, president and c. E. O. Of the business round table. [applause] joshua good afternoon. Business round table is pleased to partner with politico for this event and to introduce chairman kevin brady. Mr. Chairman, it has to be said, after decades of false starts and frustrated expectations, what an amazing accomplishment this week. Im speaking, of course, about your Houston Astros wing the world series. [laughter] [applause] on top of that, youve crafted a pretty damn good tax reform plan, one that provides substantial relief for workers, families an businesses. We at the business round table applaud your comprehensive approach. From the business standpoint, weve long believed that successful tax reform must allow u. S. Companies to compete and succeed in the global economy. Increasing investment and hiring in the united states. When the business round table surveyed our members, who collectiv