The current title is misleading. It's not yet clear what effects the new rule would have had on Equifax, and in any case it would've applied to a lot more companies than just Equifax.

Better source (and title): "Consumer Bureau Loses Fight to Allow More Class-Action Suits" https://www.nytimes.com/2017/10/24/business/senate-vote-wall...

Hell, the article itself ends with "It’s not entirely clear what effect, if any, this would have on the Equifax situation specifically, since the company has voluntarily limited the scope of its arbitration terms, although clearly it is a serious blow to consumer protections at large."

They clearly were aiming for a more click-baity headline. People want to read more about Equifax I guess.

Thank you for that NYT link, it is much more informative. The techcrunch article is strange, it debunked it's own headline but still kept the focus on Equifax.

Ok, we'll merge this thread into https://news.ycombinator.com/item?id=15547631.

Sadly, this is the way many federal laws come to be. Agencies and Bureaus in the executive branch propose rules(laws) and if congress doesn't specifically vote them down, they become federal statutes.

I'm glad to see congress actually exercising it's oversight instead of letting the executive branch run so much of everything.

But, I wish it hadn't exercised it's oversight on this specific matter.

I can't seem to delete this comment. Not sure why it posted - I'm posting through an app, so maybe that caused an issue. Can a mod delete it please?

Email a link to it to [email protected], the mods can't see every comment but they do check that email.