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Federal Trade Commission Probes Equifax

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On Thursday, The U.S. Federal Trade Commission said it was investigating Equifax’s huge data breach. As trading volume hit a record high, shares of Equifax fell 2.4 percent Thursday. The shares have lost 32 percent since the company announced the hack on Sept. 7. Senate Democratic leader Chuck Schumer compared Equifax to Enron, which filed for bankruptcy in 2001 after leaks of a widespread accounting fraud. Schumer stated, “It’s one of the most egregious examples of corporate malfeasances since Enron.” He called Equifax’s treatment of consumers “disgusting” and the company’s inability to protect data “deeply troubling.” http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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