it would help if the consumer financial protection bureau --ued over arching pursuit over arching consumer protections around these arrangements. host: what can they do? these people have the right to enter into contracts. what could they do? could it be more disclosure requirements? taking the sellers from so many rights away or tying the hands of the people who are buying? what regulations are we talking about? they could definitely require more transparency and disclosure. they could require some assessment or appraisal. that is one of the things, people are buying houses, maybe they are being told it is worth $10,000 but they get in there and they realize the systems are broken down. acquiring some kind of inspections. the same kind of protections in the truth in lending law that many homeowners get when you sit down and get a mortgage. that would be helpful. you could also say, a contract that extends past a certain time , you should have a point in which people can build equity. after five years you begin to get equity stakes. what i saw in detroit was that people were making improve

howie: all four professors worked for or with the consumer protection bureau during the obama administrationese weren't independent experts. they all had ties to the board they were defending. this note was posted some advocates featured in this report worked on the advisory board for the consumer protection bureau. continue the conversation on twitter. i'll see you

howie: all four professors worked for or with the consumer protection bureau during the obama administrationse weren't independent experts. they all had ties to the board they were defending. this note was posted some advocates featured in this report worked on the advisory board for the consumer protection bureau. continue the conversation on twitter. i'll see you back sunday with the latest buzz. [♪] reporter: police in london making another arrest in connection with friday's subway bombing that injured 29 people. the suspect caught late last night in west london after the first suspect was caught at the port of dover. eric: london officials suspect fly days attack was a coordinated plot. the u.k. is lowering its threat level from critical down to severe. >> it's interesting to see

that mission team hasn't just announced it will stop sharing information with the consumer financial protection bureau the government's consumer watchdog agency why well certainly there must be a reason for tearing up such an important partnership you ask well there was apparently this c p p b had been overly zealous in actually going after fraudulent colleges and student loan collectors in other words just another day in washington . truly again not shocked like you were not shocked with you know banks doing shady business i mean i'm not really shocked with the department of education. we don't want you going you know for sure these students are contractors that are about is that are all these people that are we're grafting to everybody with education i mean it's really about. i mean look first you go out of drug money now you go after like our kids money the moment they get out of school. it's just it's graft i'm sorry every time i hear about to go we need more private schools maybe but at the end of the day. you know just what parents keep forking no more and more money right and then they won't be

protect the constumer from tconstum consumer? >> that's no true. no different than federal reserve, fdic. >> consumer protection bureau was created in 2010 as part ofon designed to rein in wall street. the bureau was the idea of elizabeth warren, harvard protepr professor hoped a single agency regulating all consumer lending would prevent the practices that led to the great recession of 2008. >> we cover banks. we cover auto lenders. we cover mortgage lenders. nobody was singularly focused on that before the crisis. it was a gap, blind spot. it cost this country terribly. >> in less than six years, he turned the fledgling agency into a regulatory powerhouse. rewriting lending regulations and bringing enforcement actions against some of the biggest financial institutions in the country. including wells fargo, citibang, and bank of america. still, some members of congress say, he has way too much power. >> we have now one unelected. one unaccountable individual who essentially gets to determine what mortgages we have, credit card we have, bank lens we get. >> jeb hensorling, republican from texas chairman of the house financial committee. >> in a dem

after the big banks crashed, the economy in 2008, we fought and got in place a consumer financial protection bureau to be a strong watchdog for consumers. here's the deal, it's working. this agency has now forced giant banks to return more than $12 billion directly to consumers they cheated. it's handled more than a million complaints. and it's come out with new rules and regulations that help level the playing field. new rules on mortgages, new rules that have made credit cards fairer, and now a new rule to say no more mandatory arbitration. the arbitration rule, i just want to explain it for just a second. a slightly different way. i want everyone in here to think about the fact. suppose you open your credit card statement one day and you see that there's just a $30 charge in there. it's just 30 bucks that they want to take from you. and you call them and say, hey, i shouldn't have this $30 charge. there is no reason. i didn't agree to this. why are you charging me $30? and their response boils down to go pound sand. we're going to charge you 30 bucks and you are going to pay 30 bucks or we'll re

host: talk about the consumer financial protection bureau. what exactly is their role in addressing this act with fax -- equifax breach? guest: their role goes beyond equifax. two things that your last guest was talking about. in terms of banks, large loan companies, in terms of what they are doing to consumers with regard to agreements. which quite frankly, consumers don't read and even if they could read they would not understand the provisions. not because they are not smart. i, as a lawyer, have looked at them and have trouble understanding them. they were set up to protect the consumer. host: i want to talk about the arbitration clause that was initially in the documentation surrounding this breach? i want to bring an update from the "washington post." equifax clarifying what the arbitration role is. "to confirm, and rolling in the free credit file monitoring and identity theft detection product we are offering as part of this cyber security incident does not prohibit consumers from taking legal action. ." the company says it has now rem

consumer protection. one of the principles president obama forced into law by creating the consumer financial protection bureau first nominee elizabeth warren. republicans filibustered her so she won a senate seat instead. obstruct consumer protection too much and you might end up getting the leading consumer advocate a promotion. now this shows the need for regulation with equifax but trump is going in the opposite direction. he's trying to gut that same consumer protection bureau cutting it $6.8 billion over the next decade, a reduction of 93%. some regulatory issues are complex. this isn't one of them. when politicians make it easier for companies to sell your personal information and lose your social security number, they're not on the consumer's side and they're certainly not draining the swamp. >> it is time to drain the swamp in washington, d.c. we're going to drain the swamp. and we are going to drain the swamp. drain the swamp. (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings) if you have moderate to severe plaque psoriasis,... ...isn't it time to let the real you shi

gayle hillibrand with the consumer financial protection bureau. >>> while americans are wondering whether their personal information has been compromised in want equifax breach, there is a new threat you need to watch, your cellphone number. that number is now becoming a key to your identity. think of it as a new social security number. and anyone can use it to find tons of your personal information. andrea day has tha >> the most shocking thing was how quickly i found it. >> reporter: just a few minutes. that's how long it took this guy to track down intimate details about our producer. and that was all with just a cellphone number? >> just a cell number. >> reporter: we blurred out most of the images, but he found a lot of information. >> what property they own, what parking tickets they have. this is a street view of her house right now. >> reporter: and all without knowing her name. a security risk? >> it's a huge security risk. nobody wants to change their cell number, it's become an integral part of your identity. that's where the problem starts. >> reporter: full disclosure, he is

the consumer financial protection bureau is the primary regulator in this case. presumes that borrowers are incapable of making rational choices and subject themselves to exploitation because they are not smart enough to manage finances. there is a whole tangent on what that view of the poor can do for their opportunity and prospects. i will not go down that road, but it is something to keep in mind. the view is repugnant on so many levels. to grasp thatil payday loans are a remedy, they are not the problem. people are going to payday lenders because they have a problem. the remedy is the loan. along comes the consumer financial protection bureau with putoposed rule that would 70% of payday lenders out of business. most notable would be a new requirement that lenders, before making a short-term loan, would have to determine the customer's ability to pay, and meet their other financial obligations and basic living expenses without needing to re-borrow. also beenonstruct has applied to mortgage lending under dodd-frank, and the result housing sales are down. the ef

senate regarding the class action bar for banks and credit reporting agencies the consumer financial protection bureau is saying you cannot have a class action waiver anymore you can't use that that's unfair so pay attention as these issues are in front of congress call your call your senator one of all your congressmen that's one of the best things you need to do that is follow up with your local congressman your local senator and make sure that they know the impact this is having on main street america michael thank you watch for a period today i appreciate please keep fighting the good fight thank you. coming up a lawsuit has been filed after homeland security officials force american citizens to hand over personal data upon reentering the united states that's next. i'm john harshman and i'll give you what the mainstream media can't go big picture we'll go deeper investigate and debate all so you can get the big picture. would you have for breakfast yesterday why would you put those through. now i've had to do due to. all. our culture is awash in lives dominated by streams of never ending electroni

my focus now isn't on the consumer protection bureau it's on the ftc.at protect consumers in two ways. it protects against unfair trade practices and against deceitful trade practices. deceitful is if a privacy statement tells you a merchant is handling your data in a bad way, they'll come down on them like a ton of bricks, but lately they've been focused on the unfair trade practice issues and the federal courts have upheld their power to treat terrible cybersecurity as an unfair trade practice that is having a ripple effect now, what i'm watching is whether in this case they are going to focus on the behavior of patching and not patching and so forth and really ramp up the standard of care in this issue that would be a big deal >> indeed, those are some changes we need. thank you, joel. joel brenner, senior adviser >>> still to come on the show, facebook under fire. we'll speak with the reporter who uncovered the social network's controversial new ad practices when "squawk alley" returns. coney island has been around for a long, long time. reminds me

don't sue them right so basically it's putting consumers on the back foot but the consumer financial protection bureau got to talk about that issue to regulation back in july this year that prevents banks from requiring mandatory arbitration this came from the wells fargo case is there anything that prevents companies like facts from abusing their power and pushing in a way that anyone seeking legal action to move to arbitration is there any way they can fight back against that. well it's going to be really important for individuals to stick together and really file these class action lawsuits to protect their rights and have lawyers who can protect their rights because as i said before these companies why are portrayed they want to be able to solve these cases behind closed doors it prevents bad publicity for them and the payout is going to be a lot less on their parts well speaking of a beautiful circuit some numbers out about the complaints against equifax let's look at the total number of these are consumer complaints filed against equifax each year through the consumer financial protection bureau

your experience at consumer financial protection bureau. given that, any thought on how to advance consumer protection in this digitized environment through the context of financial inclusion? even though your personal workout than to be in the us. >> before he answered when they say that consumer financial protection bureau is the newest regular in the us that was created in 2011 as a result of the financial crisis and it's really governs market conduct in the financial services arena, so when i think about consumer privacy and consumer protection were generally for people at the base of the pyramid i think about trust, but i also think that the kinds of people who are just getting into the financial system for the first time are people who aren't used to the marketing trick, spit it that way or the ways in which their data may be used etc. they are just not really aware of the many ways in which financial institution can make it so the data can also put them in fairly peak curious financial position if something goes wrong like if your loa

consumer bureau's rule. they understand that the consumer bureau did the right thing to protect service members from forced arbitration. john cayman, assistant director of the american legion's veterans employment education division said our membership has stated unequivocally that we will not accept a future where our military veterans' financial protections are chipped away to increase the margins of the financial sector. let me say that again. we will not accept a future -- this is from the american legion. we will not accept a future where our military veterans' financial protections are chipped away to increase the margins of the financial sector, unquote. the right to have your day in court is enshrined in the constitution that our service members fight to uphold. the least we can do is protect this right for the women and the men who protect our country. protect this right for the men and women who protect our country. how are -- how can members of this body, when this vote approaches, if they support this rule to overturn, this vote, the c.r.a. to overturn the rule of the cfpb, how could members of this body l

specifically your experience at the consumer financial protection bureau. given that, do you have any thoughts about how to advance consumer protection and privacy in this increasingly digitized environment through the con tech of financial inclusion? in other words, as we deliver these services but do so in a manner that provides the requisite levels of protection and globally even though your prm wo personal work happened to be in the united states on this? >> sure. the consumer financial protection bureau is the newest financial services regulator in the u.s. it w it was created in 2011 as a result of the financial crisis. it governs market conduct in the financial services arena. so when i think about consumer privacy and consumer protection more generally, for people who are at the base of the pyramid, i do of course think about trust. but i also think that the kinds of people who are now -- who just getting into the financial system for the first time are people who aren't used to, you know, the marketing tricks, let's put it that way, or the ways in w

if a legislator wants to support the work of the consume financial protection bureau, if they want to support the work of 11 1/2 -- of $11.5 billion being returned to consumers, vote yes. a yes vote on my amendment means you want to protect americans from fraud, deceptive practices, ripoff schemes. a yes vote means you want debt collection agent circumstances payday lenders and others to be held accountable if they rip off consumers. a yes vote means you want honest an fair dealing firms in the financial services space to be rewarded for their good work and for the people who take advantage of consumers to be punish. we want to keep good companies good. how can you do that if good and bad get treated just alike? we need the cfpb my amendment sked, you stand with ari bouris, you may have seen on the cbs sunday morning a few weeks ago, he contacted the consumer bume -- bureau's consumer complaint center for help. his teenage son joined the army, like mine did, an bought a used truck at a car dealer near his base my boy when he went into the army was 18 years old. i imagine ari was about

standards ofed the consumer protection bureau, dodd frank, coal mine standards, number of things. question,y the first i think a significant amount of the optimism has faded away because we have not seen an infrastructure bill. we have not seen any of the a renewal of manufacturing. we have not seen the things that we were hopeful about that we could work with them on. and we have seen things that divide us and abide the country and become more troublesome. i would say there is no question that the optimist them of a lot of people -- my members, working .eople, of all of the sectors a lot of the optimism has faded. >> thank you for doing this. pre-sheet it very much, sir. -- appreciate it very much. president trumpka: thank you for having me. overhaul the north american free trade agreement. canada's biggest private-sector union said nafta should be scrapped if mexico cannot agree to better labor standards, clashing with mexican business leaders who argue that workers rights or matter for each country to resolve internally. mexican political and corporate leaders are resisting dem

representative waters under 57 to strike provision severely weak y weakening and removing consumer financial protection bureau's authority to protect consumers from unfair practices. surely would like a yes on that. >> thank you. discussion? good debate on at the table when that occurred. all right. vote. signify by saying aye? >> aye. >> no? >> no. >> nos have it. >> roll call please. >> mr. cole, no. mr. woodal, no. mr. collins? mr. collins, no. mr. burn, no. mr. newhouse, no. mr. buck, no. ms. cheney, no. ms. slaughter aye. mr. mcgovern aye. mr. polis, aye. mr. chairman. no. >> clerk will report the total. >> four yeas. nine nays. >> agreement is not amended. >> i move the committee grant hr 3354 open rule so all members have opportunity to offer amendments to the bill on the floor. >> discussion? >> those in favor significay wi aye. >> no? >> roll call. >> roll call vote. >> mr. cole, no. woodal? no. burgess, no. collins, no. mr. burn, no. mr. newhouse. no. mr. buck, no. h is cheney, no. ms. slaughter, aye. mr. mcgovern, aye. mr. hastings, aye. mr. polis, aye. mr. chairman? no. >> clerk call the vote. >> fo

. >> talk about the consumer financial protection bureau. what exactly is their role in addressing this equifax breach? beyondr role goes aquatech's -- equifax. in terms of banks and large phone companies, in terms of what they are doing to consumers with regards to the agreements that consumers probably don't read, and even if they could read them, they wouldn't understand the provisions, not because they aren't smart. i have looked at them, i have trouble understanding them sometimes. they were set up to protect the consumer. -- i want to talk about the arbitration clause -- >> i want to talk about the arbitration clause. from equifax clarify what that larger just arbitration is in a statement issued on september 10, to confirm in enrolling the free credit file monitoring that we are offering as part of this incident does not prohibit consumers from taking legal action. the company says it removed the arbitration language from the use in its data breach notification site. explain about what's on arbitration clause -- what an arbitration cla

joining me now, though, is the director of the consumer financial protection bureau richard coredray, an organization that remains under attack bythere, trying to get to the bottom of this. richard, good to see you. thank you for being with us. there are a whole lot of things bad about this. the idea a company whose services you can't choose and knows more about me probably than i do lost my information or allowed it to be stolen. the idea there are executives of this company that traded stock shortly after this, we need to get to the bottom of that. but the concept of causing individuals to pay for credit freezes and credit checks after this is kind of remarkable, given that i've never been given the choice to use equifax or not use equifax. >> that's right. this business was built on the back of our information, but we're not the customers, we're the product. we have little say over what's done with our information and what we've seen in response to the breach is a very poor response by this company and by this industry. first of all, they wanted to make people have to give up their

bureaus like equifax to allow consumers to freeze and unfreeze their credit for free. credit reporting companies charge consumers for those services. senator warren also signaled that the consumer financial protection bureau may require extra powers in order to ensure closer federal oversight of credit reporting agencies. and in a letter to equifax and its rivals, she asked for information to see if new federal legislation was needed to protect consumers. >>> google's parent company alphabet is reportedly considering investing $1 billion in lyft, which is uber's biggest competitor. according to news website axios, talks are being driven by top officials at alphabet. the two companies already have ties. earlier this year, alphabet's self-driving car unite waymo signed a deal with lyft to collaborate on autonomous vehicle technology. >>> jpmorgan gives its take on the airlines. analysts at jpmorgan lowered their rating on american airlines and united-continental to neutral over concerns on domestic pricing weakness and higher fuel costs. but the firm upgraded southwest, citing an attractive valuation. shares of american fell fractionally to $46 even. united was off 2% to 59.80. southwest was up to 54

republicans are getting ready to repeal a, quote, forced arbitration rule initiated by the consumer financial protection bureauow what this means. i'm going to tell you. this rule that they're going to repeal makes it easier for consumers to join together and fight financial firms in class action lawsuits but somehow republicans senators want to repeal that. while shaming republicans are even considering this reversal, senate democratic leader chuck schumer called the effort a quote, get out of jail free card for equifax and another company that is no stranger to controversy, wells fargo. this stuff makes my hair catch on fire. >> i'm going to leave that there. i got to share this one last thing. this is like a what? you're probably tired of hearing about the graham cassidy obamacare repeal bill, guess who is not? president trump. he doesn't think it's dead. >> we have the votes for health care. we have one senator that's in the hospital, he can't vote because he's in the hospital. i feel we have the votes, i'm almost certain we have the votes. we have the votes, we have the votes, we have the votes, we have t

and the consumer financial protection bureau has issued a rule saying that these arbitration clauses should be banned. now, one big question is is that rule going to survive? house republicans have already passed a bill trying to roll that rule back. the rule itself doesn't go into effect until later this month. so even if the rule banning o n arbitration clauses had been in effect today, it would not likely have covered the equifax arbitration clause that was a controversy last week. >> the attorney general of new york getting involved when it came to this arbitration clause issue with equifax. what did he do this week? >> well, he started an investigation and he's looking into what equifax knew and when. what may have been breached. whether any information may have made it onto what he called the black market. and we'll just have to see where that investigation winds up. >> why does new york's attorney general get a bite of this? could any state attorney general get involved? >> in principle, yeah. new york's attorney general happens to be one of the more aggressive attorneys gener

here's a hidden issue people don't realize if you go to the site and sign into it the consumer financial protection bureau proposed legislation to get rid of this stuff where you could have to agree to binding arbitration while that's in this equifax website that if you go to it and you sign into it you're basically giving up your rights to be part of a class action lawsuit and there is already litigation so look this is a huge mess that they got themselves into and it's the but the people who are going to pay the most are you and me and one hundred forty three other million people who are not going to be sure about is my credit information correct is the is the information authoritative can i depend upon it and how will it affect me when i go to get a house or refinance i want to play for you something that c.e.o. and chairman rick smith via video just say about this tech lesson. will not be defined by this incident but rather. how we respond together we will serve our customers support consumers and strengthen our data security capabilities in the process we will build a stronger company with many great

there's no process here." 11 secsthe consumer financial protection bureau bans companies from using mandatorytration that forces consumers to settle all cases individually, áoutsideá of courtbut in the wake of recent security breaches, lawmakers say it's time for action.. "these companies did terrible, terrible wrong. and they want to prevent consumers from having rights to sue them? that is outrageous." 12 secsenate democrats vowed to keep that ban in place.. "forced arbitration clauses are a nasty surprise, buried in fine print that let credit card companies or people and get away with it." 11 secs "governor brown just signed a whole packages just signed a "governor brown "governor brown just signed a whole packages of affordable housing bills into law. i'm spencer blake and coming up at nine on kron four news, hear expert opinion about which of those laws will affect us most here, in the heart of the housing crisis." key matchup for the raiders this sunday... they are facing the broncos in denver. wideout, michael crabtree is listed as questionable for week four both team are coming off ro

there's no process here." 11 secsthe consumer financial protection bureau bans companies from using mandatoryion that forces consumers to settle all cases individually, áoutsideá of courtbut in the wake of recent security breaches, lawmakers say it's time for action.. "these companies did terrible, terrible wrong. and they want to prevent consumers from having rights to sue them? that is outrageous." 12 secsenate democrats vowed to keep that ban in place.. "forced arbitration clauses are a nasty surprise, buried in fine print that let credit card companies or banks cheat people and get away with it." 11 secs a slight cooling trend expected into saturday as onshore flow increases across the area. breezy conditions will also persist into the weekend with temperatures at or slightly below seasonal averages heading into next week. ♪ because everyone likes easy. sure do. because everyone is on the go. because we all like to save energy, but sometimes we slip up. reaching up. ssssh! because sometimes we want it cool at night, then toasty in the mornings. introducing the easy to use, energy saving,

a new study from the consumer financial protection bureau says 40% of americans are struggling to make ends meet to stay out of debt. paul ryan says the president's tax plan is exactly what america needs. >> middle-class other people who need the tax break, people who are low and middle income are living paycheck to paycheck and worried about losing their job, having gotten a raising years, this is about them and not people who are high income earners, getting a break. >> $6 trillion tax cut passes it will be the biggest in decades. let's talk about donald trump, doubling down on my the national anthem is so important to him, in this exclusive interview will only see on fox news it comes as all eyes turned to thursday night football, tonight where the sideline protests could move into the stands. what is up? >> reporter: interesting to see what happens, the national and will be in the nfl coverage of the bears packers primetime matchup tonight if the green bay packers have it their way fans in wisconsin will join them to make a statement, players including aaron rodgers urging everyone

the consumer financial protection bureau on the case and the house financial services committee is lining up hearings. we reported this mond website used to sign up for free credit protection. we haven't received answer from equifax if they plan to fix the website. live in the newsroom, nathan baca, abc7 news. alison: thank you. woman is $4,000 richer. after delta auctioned off the seat of an overbooked flight. >> they started at $1,500, $2,000. can you believe it? the flight was headed to the galaxy note 7 game. delta hoped they would give up the seat so the plane could take off. as the money increased tracy smith's interest piqued. >> i said if they get to $4,000 i'm getting off the plane. they came back and i pressed the flight attendant button. >> yeah. wouldn't you? smith was able to get on another flight. meeting up with her family in south bend eight hours later she had $4,000 in travel vouchers in her pocket. larry: thrilled for her but again why doesn't it ever happen to me? alison: you realize people will do anything to get to a good football game. that is the flight you want to

from 143 million americans was accessed or stolen in the hackberry the ftc joins the consumer financial protection bureaustates wanting some answers from equifax. multiple reports tonight that north korea has fired another missile reportedly traveled east. the japanese government is saying it flew over japan traveling with -- jim mattis was interviewing the head of -- the interview was abruptly ende ended. a general asked his staff if something had happened we will get a live report greg palkot. north korea firing this missile, another threat from the north koreans as the administration is trying to figure out how best to deal with this threat from the nuclear north. what was agreed to, if anything, between president trump and democratic leaders on immigration, daca. we will ask a special panel from "the five" here in new york after a quick break. it can detect a threat using ai, and respond 60 times faster. it lets you know where your data lives, down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it is... the cloud. the ibm cloud. the cloud that's b

. >> the consumer financial protection bureau has been working to simplify the lending process and makegetting into and how much it's gonna cost -- very important change we're gonna talk about. in october 2015, big changes took effect. >> essentially, it's new legislation that has actually given borrowers a lot more transparency and giving them more time to decide on the lender that they're using, as well as giving them some time to review their final closing disclosures. >> it is known as know before you owe. there are new disclosure forms that replace some of the old ones. remember the good faith estimate hud statement and the truth in lending disclosures? they're gone. >> those are three items that have actually been replaced in the new legislation. >> they combined the information into a loan estimate and what's called a closing disclosure form. >> your loan estimate will be given to you first, and that will be a combination of your good faith estimate and your truth in lending. and that gives a detailed explanation of every cost you're going to incur. >> when you're looking at your

there's only one agency that facts and a core other credit agencies, that's the consumer financial protection bureaunk that has examiners from the fed and other regulators, watching over their is -- at a credit agency. however, this also has authority to step in and go after companies. >> we know a carfax has byponded to the data breach giving consumers the ability whether to check they have been affected, then offer free credit monitoring for a year. what has been the reaction in washington for the response on the company? >> there's been quite a bit of backlash, certainly because of how they have done it. when consumers went to that freak credit monitoring service, but they find as they waived the right to join a class action lawsuit, or at least they did. that was something that sparked outrage, particularly from democrats here on capitol hill. this leads to question more broadly about republicans efforts to change in arbitration rule announced back in july. this would curb mandatory arbitrations, and make it easier to -- sue their bank. that's something lawmakers have a limited window, if they w

without the consumer finance protection bureau agency, that wouldn't have been straighten the out.cs. does -- do financial agencies need more regulations? the answer is yeah. but will congress and the president oppose and try to limit financial regulation, and i think the answer is unfortunately yes. >> after this ex which tax was actual actually charging people to freeze their credit. that's unusual isn't it? i don't remember paying a fee. >> you have pristine credit. us normal people out here, it's ridiculous, it's absurd. they've caught in a data breach. it took them 60 days to notice fi the customers and told them to sign up for this premier program. it will cost you $10 and you can't sues or join a class action. you're under the gun, eqifax. you need to show good faith. 143 million customers had a data breach here. this is outrageous conduct and equifax is going to feel the bite here in congress and those class actions. >> and avy, you cited the fact that some equifax executives had already sold off stock. given that will customers be able to say you really did fail to notify

if you get no response from the servicer, contact the consumer financial protection bureau and file afinally, if there's no action at all, please get a tough, competent real-estate attorney to bring the lender back to life. we also heard about crowdfunding. now, this allows people to be involved in causes and investments they never dreamed of, including the world trade center and real-estate ventures and businesses. let me break down the different types of crowdfunding. donation -- a crowd gives money because they want to support a cause. or reward-based crowdfunding -- individuals form a crowd. they give money to businesses in exchange for some type of reward. and then you have the equity crowdfunding. members of the crowd -- they become owners of a business, and certain type of financial guidelines must be met, including, by the way, real estate -- not just businesses but real estate, also. and then you have debt crowdfunding. the company solicits from their crowd money and treats it as a loan, and you get interest back. well, that's it for today. be sure to send me your questions o