Equifax Free ID Protection Arbitration Clause Takes Away Your Legal Rights
By Doug Cunningham
Equifax – the giant credit corporation – let hackers steal personal data from 143 million people. Equifax is offering a year of free identity theft monitoring but it comes with a huge catch. Signing away your legal rights to go to court against Equifax should your identify be stolen. Public Citizen consumer and civil justice counsel Remington Gregg says a hidden clause when you sign up for Equifax’s free identity theft monitoring forces you to go to arbitration rather than to court with any claim against Equifax.
[Remington Gregg]: “This is part of a troubling trend that we’re seeing. Forced arbitration in every aspect of our lives.
And we’re continuing to fight on every front – in the courts in communities, in Congress – to fight for consumers against these forced arbitration clauses. And to make sure there are protections in place so that average Americans get just a fair shake – and that’s all we’re asking for – just a fair shake against big banks and corporations.”
The hackers stole social security numbers, birthdates, driver’s license numbers and more. Gregg says this is what Equifax is requiring in order for you to get their free identity protection monitoring.
[Remington Gregg]: “Number one, you have to submit to forced secretive arbitration if you had any concerns or problems as it related to the monitoring of your data. And two, it forced you to waive your right to hold Equifax liable. It included a broad limitation of liability for claims related to the monitoring of your data.
People are being forced to sign away their rights for something they didn’t even do. For something that wasn’t their fault.”