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Truly Right View » Government Corruption, Government Waste, Main Stream Media Bias, Political Campaigning, Politics, Problems of Big Government, Restoring America » Sen. Warren on Equifax Breach: Corporations Who Can’t Protect Customer Data Should Not Make Money

Sen. Warren on Equifax Breach: Corporations Who Can’t Protect Customer Data Should Not Make Money

Sen. Elizabeth Warren, a Massachusetts Democrat, comments on the Equifax data breach. She speaks with Bloomberg’s Kevin Cirilli.

SEN. ELIZABETH WARREN: Until we have personal accountability, nothing is going to change at these giant financial institutions.

The only way we’re going to get that kind of personal accountability is if we, here in Congress, demand it. We can change the laws to say there will be claw-back, there will be consequences when major breaches happen on your watch.

People talk all the time about pay for performance. How about if we make that work both ways? That is, if a company does great, and your consumers are fully protected, you make more money. But boy if it all blows up, and you destroy the security of millions of people, then your pay is way down — your money gets clawed back.

More from the hearing in question:

YOUTUBE DESCRIPTION: In a heated exchange during a Senate hearing entitled “Wells Fargo: One Year Later,” Senator Elizabeth Warren brilliantly destroys Wells Fargo’s new CEO, Tim Sloan, for his role in the fake account scandal.

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Filed under: Government Corruption, Government Waste, Main Stream Media Bias, Political Campaigning, Politics, Problems of Big Government, Restoring America

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