Schakowsky Says Sale of Equifax Stock Doesn't Smell Good

The transcript discusses the massive data breach at Equifax, affecting 145 million Americans. It covers the inadequate response, the resignation of the CEO, and the need for more regulation. Proposed legislation aims to protect consumer data, while investigations are ongoing into stock sales by executives. The discussion highlights the challenges of implementing stricter regulations in the current political climate.

What were the main reasons for the massive hack that affected 145 million Americans?

How long did it take for Equifax to respond to the first notice of a problem?

What are the proposed regulations to protect consumer data mentioned in the text?

What actions were taken by top executives after the breach was discovered?

What is the current stance of Equifax regarding regulation and class action suits?