Equifax Breach Fallout: Your Salary History

I hope all the hacked data gets open-sourced. Maybe then we'll have some serious reform. This is ridiculous. What is it going to take to get Congress to actually do something? In the meantime, my strategy is to keep my credit score bad.

Re: Equifax Breach Fallout: Your Salary History

#6

Post by matt_wulfeck » Mon, Oct 09, 2017, 7:18 PM UTC

> The service is designed to provide automated employment and income verification for prospective employers, and tens of thousands of companies report employee salary data to it.

It sounds like companies can easily use this to collude against employee wages and benefits.

Re: Equifax Breach Fallout: Your Salary History

#7

Post by dboreham » Mon, Oct 09, 2017, 7:22 PM UTC

typetehcodez wrote: post #5

I hope all the hacked data gets open-sourced. Maybe then we'll have some serious reform. This is ridiculous. What is it going to take to get Congress to actually do something? In the meantime, my strategy is to keep my credit score bad.

Congress does plenty...

..to allow these corporations to continue to make money at our expense.

Re: Equifax Breach Fallout: Your Salary History

#8

Post by ausjke » Mon, Oct 09, 2017, 7:23 PM UTC

It seems in China people use their cellphone to pay everything these days, credit/debit card are becoming old-fashion and meaningless there. Hope one day we can do it here.

For mortgage and car loans you do not need credit card either.

So we can just give up credit card totally. We do need a new way to build people's credit scores somehow though.

Re: Equifax Breach Fallout: Your Salary History

#9

Post by dawnerd » Mon, Oct 09, 2017, 7:24 PM UTC

matt_wulfeck wrote: post #6

> The service is designed to provide automated employment and income verification for prospective employers, and tens of thousands of companies report employee salary data to it. It sounds like companies can easily use this to collude against employee wages and benefits.

Makes this law a moot point https://www.usatoday.com/story/money/2017/04/27/whats-your-s...

Re: Equifax Breach Fallout: Your Salary History

#10

Post by MuffinFlavored » Mon, Oct 09, 2017, 7:26 PM UTC

ausjke wrote: post #8

It seems in China people use their cellphone to pay everything these days, credit/debit card are becoming old-fashion and meaningless there. Hope one day we can do it here. For mortgage and car loans you do not need credit card either. So we can just give up credit card totally. We do need a new way to build people's credit scores somehow though.

Aren't their cell phones just linked to credit cards?