September 28, 2017
- Equifax’s data breach woes are far from over. Massachusetts led the charge against the credit giant by filing a complaint against Equifax. The city of San Francisco has followed suit. While Massachusetts led the charge as a state, San Francisco is the first city to take action against the company. San Francisco marks the eighth group to take action against the company. Further Equifax’s internal controls are taking action as well, three of the company’s top executives were fired and the CEO suddenly retired.
- Similar to Equifax, Meridian Title Corp., has found themselves in trouble with the Consumer Financial Protection Bureau (CFPB). The CFPB fined the real estate settlement services provider $1.25 million for their violations of the Real Estate Settlement Procedures Act. Meridian failed to correctly disclose their relationship with Arsenal Insurance, a title insurance company party owned by Meridian’s own executives. By participating in such activity, the company illegally benefited from their relationship with the title insurance provider.