House Democrats are calling for Equifax to extend its promise to give customers free credit monitoring from one year to three years. Ariel Evans, CEO of Innosec, joins Cheddar to discuss what this means for the company and the consumer.
What most people may not know is that a hacker could hold on to stolen information for more than a year before selling it. This is why House Democrats don't think the initial one year of free credit monitoring to all Equifax's customers is enough. They want to ensure that any compromised information won't be subjected to a hack a few years down the line.
Plus, what rights do shareholders have? Evans explains that you can bring a class-action lawsuit against Equifax if you feel like your rights have been violated.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
