Oct 04 2017
WASHINGTON, D.C. – Today at the U.S. Senate Committee on Banking, Housing, and Urban Affairs U.S. Sen. John Kennedy (R-La.) questioned former Equifax CEO, Richard Smith, about the recent no bid $7.3 million contract between the IRS and Equifax.
Equifax informed the Senate Banking Committee today that 2.16 million people in Louisiana were impacted by the security breach. After the breach, Equifax received a fraud prevention contract from the IRS.
“The contract is $7 million and change. Does that involve taxpayer information that you would have access to?” asked Sen. Kennedy. “You realize to many Americans right now, it looks like we are giving Lindsay Lohan the keys to the minibar.”
Sen. Kennedy continued his questioning of Mr. Smith by asking him to explain the unfair premium credit monitoring services Equifax sells to the American people.
“You collect my information without my permission and you sell that information to businesses. You can’t run your business without me. My data is the product that you sell,” said Sen. Kennedy. “You then offer me a premium service to make sure the data you are collecting about me is accurate. I don’t pay extra in a restaurant to prevent the waiter from spitting in my food.”
Click here to watch Sen. Kennedy question Mr. Smith in the U.S. Senate Banking Committee or click the photo below.