September 20, 2017 10:33 AM
The Equifax data breach is prompting new legislation on Capitol Hill.
Senator Al Franken (D-Minnesota) introduced The Data Broker Accountability and Transparency Act, which would help consumers control what personal information is listed with different credit bureaus and would let them prohibit sharing or selling that information.
During an interview Saturday, Sen. Franken said part of the bill also requires data collection companies to disclose when hacks occur.
"We also want to make sure that when these companies, whether it's a huge retailer like Target, or whether it's a data broker, they report this right away," Franken said. "This is very important information and it can have a tremendous effect on your financial life."
Financial experts, like John McCullough, have been fielding calls for two weeks from consumers and financial institutions.
The Minnesota Department of Commerce released these tips for consumers Thursday:
Updated: September 20, 2017 10:33 AM
Created: September 16, 2017 09:03 PM
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