It's just a show. Years later and Elizabeth Warren still hasn't proposed any legislation that would penalize companies for not properly encrypting data.
@Spite Knight The last time I said duh was when I was 10 yrs old. We all learned from her questioning that there are hidden motivation by companies when it comes to pain and profit. The current law does not mandate specifically how digital data is to be properly stored and secured to greatly reduce and minimize data when a system is exposed to a breach, and at a time when so much hacking and identity theft is occurring. So what has Warren done, other than dropping the ball after the hearing, when she should be working towards enhance security with a more rigorous security protocol?
@Spite Knight I don't need to provide a list of her duties. But I did point out one and that she has the function to spearhead a bill that would enhance data protection. If she's going to bark about it, then she needs to do something about it, and she didn't. I can't give her recognition.
@Spite Knight I agree that the security protocol should be updated and made more rigorous. But this is a company that profits by not fixing it. Why hadn't Elizabeth Warren spearheading a bill that mandates how data should be stored and encrypted far more advanced than what's currently outlined by the SEC? Clearly the existing protocols are a failure
But she's good at doing what she's already doing. Her skillset is needed in the Senate. I wish she would replace McConnell, he's dead weight that does nothing..
Elizabeth is right. Lets start by bringing users in the loop on credit inquiries. Somebody trying to open a new line of credit under you name? Send an email or SMS to the owner so they can approve or reject. It is not that hard.
I had to look a few times! Thank you, sir for the comedic relief.. I needed that! Hilarious, and making a point? The credit bureaus DO have a monopoly.
Let's not forget, Equifax's self appointed function is to collect information on us, assess our trustworthiness and pass that assessment along to people whom we do business with . . . might as well run a con on us while they're ratting us out or worse.
Exactly! Can’t get housing, utility accounts, jobs, and most of all respect for victims like me whose identity has been black listed and nonstop fraud. That’s ok- 5 years of hardworking doing the best I can- there’s a solution- just need someone like Elizabeth Warren whose willing to listen. Only facts should be discussed given it’s from a credible source. You gotta help with the evidence- facts- it’s the only path to truth.
Wow!!!!!!! I love this woman!!!!!!! She is who we needed in the White House! She is always well informed and goes for the jugular when she has to! Her insight let's us know when we have been screwed over, by who and the reason why! Thank you Elizabeth Warren! Keep up the great work! We're depending on you!
No one cares about your personal information but you - PERIOD! This is why it needs to be illegal to collect, use or sell any personal information without the express written consent of each individual (or entity) and once acquired, proper compensation rendered!!!!
The fact is that the consumers already consent those credit agencies to use their data when they signed up for loans, mortgages, and credit cards. The reason why protecting the personal information is difficult is because it does not change. You can't change your birthday, your mother's maiden name, or in most cases, the social security number. The only way to solve this is to abandon those information and use something like password that you can change after it has been compromised. Most Asian countries use pin number for identification. The ID card is not enough. Warren painted a pretty practical picture on how the credit agencies use this logical flaw to benefit themselves. That has to be stopped. But all penalty and holding the selected few accountable just means others will continue to do the same. It's not enough for the people to change, the game has to change in order to solve the root cause of the issue.
I'll admit, the CEO took the questions like a champ. I really hate when the CEOs try to dodge the questions and run out the Senator's clock. I have more respect for a CEO who takes it like a man (or woman), and doesn't lie or dodge. Not saying what the CEO is doing is right. You shouldn't profit off your consumers after you have a major screw up that puts their credit at risk for a LOT longer than a year. The service should be free indefinitely. That would be their payment to the consumers they screwed by being negligent.
Totally agree. This guy for the most part owned it and didn't throw b.s. word salad. Meanwhile, I.R.S. just awarded them a $7.25 MM no-bid contract. I'm not surprised at all, but still SMH....
End gain the same: big profit, no repercussions. When will Americans vote for candidates, who don't take bribes? ... for candidates, who serve the voter? Information on corruption in the US is publicly available, yet a majority of congress are paid corporate donations.
Why give this CROOK any credit whatsoever? And he did try to deflect from her questions about whether people had to pay after the first year by recommending that people purchase one of their services.
Elizabeth Warren is amazing. Her and Bernie and Katie Porter should be running the country on all levels. The USA is so lucky to have these treasures . Be well, America.
I love this Lady!!! I'm not sure what colour ribbon she wears, and I really don't care - she is about as on point and focused as anyone that I have ever seen and is determined to do right by people over business! Not even the monopoly guy in the background put her off - but more importantly, neither is she swayed by attempts to veer off course with irrelevances. 1st female POTUS? I hope so.
Nicolas Mendez - Age is just a number.. Donald TrumP is 73, and look how childish. There is a LOT to be said for Maturity and Experience. FDR governed from a wheelchair. Bernie campaigned hot and heavy and held his own. Like I said, I'd be just as happy with Warren/Sanders. We have got to take this country back.
Can someone explain to me how Equifax is still operational? It seems to me that being a thief in this country has become a good investment, for it pays off.
And this my friend is how everything works. Is just like a security company has a band of thieves targeting, beaking in houses and then getting in touch with the victime to offer a security system...
madame senator, hats off to you.i feel every word you utter is with utmost sincerity and humility.my salutations madame for your passion and care for the American people.
Miss senator, Was the industry changed? I have been watching many of your video clips on UA-cam lately, i'm in a mandatory covid quarantine for my work and watching your videos makes quarantine a lot easier. I am only wondering which of all the ceo's cfo's etc has actually been personally been held accountable for the mismanagement they have done? There will be no change with any of them as they know the fine goes to the business, and in the end being paid by their clients instead of themselves. As you said in one of your videos, if a clerk takes a few 20 dollar notes they can go to jail, but the top level managers get away with scams where they steal hunderds of millions. At most they get a fine of a very small amount, in their world, and are freed from any legal actions after it.
Guys the company may have a higher idea of allowing the data to be stolen. Now a new system is introduced to protect data which the customer has to pay for their incompetence and the legal system cannot prosecute
From my experiences in business, it is management that pushes policies that entice employees to do wrong or face getting fired or no pay raises. Department stores demand employees push credit cards that customers don't want and must sell at least a certain number each month or face discipline. As a Biomedical tech I was pushed to sell prescription drugs to doctors offices or not get any advancement. I worked for a top 50 biggest corporation under contract to give biomedical services to hospitals which also produced drugs. I was required to do this on my time, at my expense just to get a small 'incentive'. I remember one cancer drug being pushed to doctor's offices for its side effects with no mention of its main purpose unless the included paperwork was read, which we techs were told to not mention. I refused and quit that corporation. This just one of many things I saw management do.
God I love this woman! Please run 2020. Personally, I think this administration either did it or had it done, since not all states would give up our VOTING profiles. Mine did, unfortunately, against my wishes!
Did anyone else catch the dude dressed up as the monopoly guy who was stroking his fake mustache and playing with his monocle behind the CEO at the 3:30 mark? :P absolutely hilarious!
By golly I see him too at .ua-cam.com/video/e6fIuRqu6wc/v-deo.htmlm33s and ua-cam.com/video/e6fIuRqu6wc/v-deo.htmlm10s. There he is. Hilarious. However, he does not appear in other video footage of the same roll on other UA-cam versions of this exchange
Dude the Monopoly guy in the background though. 😂
Omg I just saw him.... so funny..
Cash Conway - Hilarious! Making a point tho. They do have a monopoly! @1:10 & 5:10. :-)
Wth??
Hell yeah ! Got that point across!
And the way he strokes his 'stache when he knows he's on camera. I LOVE THAT GUY!!
"I'm asking you the question but I already know the answer." LOL. SHE IS SOOO GOOD!
Best way to cross examine someone.
It's just a show. Years later and Elizabeth Warren still hasn't proposed any legislation that would penalize companies for not properly encrypting data.
@Spite Knight The last time I said duh was when I was 10 yrs old. We all learned from her questioning that there are hidden motivation by companies when it comes to pain and profit. The current law does not mandate specifically how digital data is to be properly stored and secured to greatly reduce and minimize data when a system is exposed to a breach, and at a time when so much hacking and identity theft is occurring. So what has Warren done, other than dropping the ball after the hearing, when she should be working towards enhance security with a more rigorous security protocol?
@Spite Knight I don't need to provide a list of her duties. But I did point out one and that she has the function to spearhead a bill that would enhance data protection. If she's going to bark about it, then she needs to do something about it, and she didn't. I can't give her recognition.
@Spite Knight I agree that the security protocol should be updated and made more rigorous. But this is a company that profits by not fixing it. Why hadn't Elizabeth Warren spearheading a bill that mandates how data should be stored and encrypted far more advanced than what's currently outlined by the SEC? Clearly the existing protocols are a failure
Thank you Elizabeth Warren.
Love this lady. Wish there were more like her.
Nona Martone Me too! She is brilliant! I will vote for her in a heartbeat-
More people pretending to be native American to advance their career? Ok cool.
There were, Trey Gowdy springs to mind.
Have you seen her questioning Wells Fargo CEO con the scam where many lost their money some lost their homes
There is Katie Porter.
When do these folks ever see a courtroom?
M when they are suing people
The way Elizabeth Warren skewered Wells Fargo makes me want to vote for her.
I have 4 more years until I can finally vote 😁
But she's good at doing what she's already doing. Her skillset is needed in the Senate. I wish she would replace McConnell, he's dead weight that does nothing..
What an incredible asset to the American public, Senator Warren.
Thank you Senator Warren! We need more voices in the senate like yours!!
I love how she already know the answer to her own question because she does her homework
Wow! Elizabeth Warren an't takin no prisoners XD
She always kicks these huckster's asses
Lyle Fox how can you possibly still support Trump...he's a complete stooge.
Whompa02 - That is a natural response, but please don't alienate an opening mind.
I'm glad your noticing her Lyle Fox.
Nowadays there are a few politicians that actually care about "Draining the Swamp".
Imagine where our country would have been by now, had she been President this term.
Elizabeth is right. Lets start by bringing users in the loop on credit inquiries. Somebody trying to open a new line of credit under you name? Send an email or SMS to the owner so they can approve or reject. It is not that hard.
I love how everyone shifts in their seat before Elizabeth Warren speaks.
Thank you 🙏🏽 and God Bless You, Ms. Warren.
Check out the Monopoly Guy in the Background. Priceless lol. 5:10
Smoothie4564 - omfg loses the monacle! that was totally worth being double dryfisted by big corps and govt
I was hoping someone commented about that.
I spotted him @ 1:10! Caught me so off guard! LOL!
I had to look a few times! Thank you, sir for the comedic relief.. I needed that! Hilarious, and making a point? The credit bureaus DO have a monopoly.
Dude, after I saw you comment I had to watch the entire video again. This video went from being educational to freaking funny! Thanks!
Let's not forget, Equifax's self appointed function is to collect information on us, assess our trustworthiness and pass that assessment along to people whom we do business with . . . might as well run a con on us while they're ratting us out or worse.
Exactly! Can’t get housing, utility accounts, jobs, and most of all respect for victims like me whose identity has been black listed and nonstop fraud. That’s ok- 5 years of hardworking doing the best I can- there’s a solution- just need someone like Elizabeth Warren whose willing to listen. Only facts should be discussed given it’s from a credible source. You gotta help with the evidence- facts- it’s the only path to truth.
Wow!!!!!!! I love this woman!!!!!!! She is who we needed in the White House! She is always well informed and goes for the jugular when she has to! Her insight let's us know when we have been screwed over, by who and the reason why! Thank you Elizabeth Warren! Keep up the great work! We're depending on you!
No one cares about your personal information but you - PERIOD! This is why it needs to be illegal to collect, use or sell any personal information without the express written consent of each individual (or entity) and once acquired, proper compensation rendered!!!!
The fact is that the consumers already consent those credit agencies to use their data when they signed up for loans, mortgages, and credit cards.
The reason why protecting the personal information is difficult is because it does not change. You can't change your birthday, your mother's maiden name, or in most cases, the social security number.
The only way to solve this is to abandon those information and use something like password that you can change after it has been compromised. Most Asian countries use pin number for identification. The ID card is not enough.
Warren painted a pretty practical picture on how the credit agencies use this logical flaw to benefit themselves. That has to be stopped. But all penalty and holding the selected few accountable just means others will continue to do the same. It's not enough for the people to change, the game has to change in order to solve the root cause of the issue.
Thank you senator Warren , wish we had more politicians like you !
I'll admit, the CEO took the questions like a champ. I really hate when the CEOs try to dodge the questions and run out the Senator's clock. I have more respect for a CEO who takes it like a man (or woman), and doesn't lie or dodge. Not saying what the CEO is doing is right. You shouldn't profit off your consumers after you have a major screw up that puts their credit at risk for a LOT longer than a year. The service should be free indefinitely. That would be their payment to the consumers they screwed by being negligent.
agreed, i was expecting to see a stumpf/sloan performance
Totally agree. This guy for the most part owned it and didn't throw b.s. word salad. Meanwhile, I.R.S. just awarded them a $7.25 MM no-bid contract. I'm not surprised at all, but still SMH....
Top hat, moncacle and thick white mustaches are back.
End gain the same: big profit, no repercussions. When will Americans vote for candidates, who don't take bribes? ... for candidates, who serve the voter? Information on corruption in the US is publicly available, yet a majority of congress are paid corporate donations.
Why give this CROOK any credit whatsoever? And he did try to deflect from her questions about whether people had to pay after the first year by recommending that people purchase one of their services.
4:19 WTF is that guy in that back doing?? 😂😂
Clearly Trolling 🤣
Wow, a witness who answers succinctly.
Get 'em Warren
3:30 the guy in the background 😂😂
Theater
3:32 look in the right corner lmfao can't believe my eyes... this guy is combin is moustache 😝😝😝
5:14 monopoly man like ohhhh shiiiiiiit
Ian h 😂😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣☠
Elizabeth Warren is amazing. Her and Bernie and Katie Porter should be running the country on all levels. The USA is so lucky to have these treasures . Be well, America.
Thank you Ms Warren
Senator, you are terrific. I hope that something good comes from these discussions.
Preach!!!
Love this lady!!! You are appreciated!!
No mercy! Great job Senator Warren
Omg. I love this lady. We need more gals in govt like her
What a piercing mind! Someone like this is a TRUE asset to the American people. To the decent among us anyway
I love this Lady!!! I'm not sure what colour ribbon she wears, and I really don't care - she is about as on point and focused as anyone that I have ever seen and is determined to do right by people over business! Not even the monopoly guy in the background put her off - but more importantly, neither is she swayed by attempts to veer off course with irrelevances. 1st female POTUS? I hope so.
Damn she is on fire.SANDERS/WARREN 2020.
Harsnimer singh sanders will be too old .
Harsnimer singh - Absolutely! Or Warren/Sanders! They are peas of a pod and will support each other.
Nicolas Mendez - Age is just a number.. Donald TrumP is 73, and look how childish. There is a LOT to be said for Maturity and Experience. FDR governed from a wheelchair. Bernie campaigned hot and heavy and held his own. Like I said, I'd be just as happy with Warren/Sanders. We have got to take this country back.
This whole situation is serious and awful but... OMG I'M DYING!!!! Look at that asshole behind the Equifax CEO to the right! HAHAHAHAHA
He tried to sell us his credit monitoring crap twice and she kept shutting him down 😂
Can someone explain to me how Equifax is still operational? It seems to me that being a thief in this country has become a good investment, for it pays off.
Did any of you politicians ask the CEO why they hired a music phd for their internet security?
Lmao Monopoly guy
When oh when will we wake up to the FACT that we need a woman president?
What is her email address? We should tell her to run for President
And this my friend is how everything works. Is just like a security company has a band of thieves targeting, beaking in houses and then getting in touch with the victime to offer a security system...
I LOVE this youtube channel holy crap.
Go girl!! So, what’s the next step? We should have the right to NOT be monitored.
Senator Elizabeth Warren The Great. THANK YOU
So did this hearing cause changes to the industry or did the industry cough up more campaign contributions to shut up these politicians?
Wow unbelievable crooked behaviors rewarded now and for years to come unless we the people stand for ethical financial changes in this system!!
That guy in the background is amazing!
Turns out it's not a guy. See www.bustle.com/p/who-is-the-monopoly-woman-elizabeth-warrens-equifax-hearing-had-a-surprise-guest-2789087
wow just wow! Senator Elizabeth Warren. This is the woman who has the guts to go after these cronies
At least he’s being honest
Again... thank you Warren
anyone who comes in front of this lady,gets riped apart......she says it all so well
Mr. Monopoly in the background! Anyone else find it ironic that the Monopoly guy is there when talking about a financial industry problem heh.
Amazing, eloquent, well educated argument, but I just wanted to say your hair looks amazing here!
Sen. Warren is terrific ! !
The monopoly man!!! 😂😂😂
madame senator, hats off to you.i feel every word you utter is with utmost sincerity and humility.my salutations madame for your passion and care for the American people.
We are all of us being victimized by Equifax.
She makes everyone that comes front of her looks like criminal, she’s the best
Miss senator,
Was the industry changed?
I have been watching many of your video clips on UA-cam lately, i'm in a mandatory covid quarantine for my work and watching your videos makes quarantine a lot easier.
I am only wondering which of all the ceo's cfo's etc has actually been personally been held accountable for the mismanagement they have done?
There will be no change with any of them as they know the fine goes to the business, and in the end being paid by their clients instead of themselves.
As you said in one of your videos, if a clerk takes a few 20 dollar notes they can go to jail, but the top level managers get away with scams where they steal hunderds of millions.
At most they get a fine of a very small amount, in their world, and are freed from any legal actions after it.
I love her style of questioning
She's amazing
SHE ATE HIM ALIVE!!!!!
Filled out the form to request compensation under the terms of the class action settlement. It will be interesting to see if I ever receive anything.
Well, I hear Equifax is awarding a free year of their special "fraud protection" Program. No need to thank them...you earned it!
Guys the company may have a higher idea of allowing the data to be stolen. Now a new system is introduced to protect data which the customer has to pay for their incompetence and the legal system cannot prosecute
From my experiences in business, it is management that pushes policies that entice employees to do wrong or face getting fired or no pay raises. Department stores demand employees push credit cards that customers don't want and must sell at least a certain number each month or face discipline. As a Biomedical tech I was pushed to sell prescription drugs to doctors offices or not get any advancement. I worked for a top 50 biggest corporation under contract to give biomedical services to hospitals which also produced drugs. I was required to do this on my time, at my expense just to get a small 'incentive'. I remember one cancer drug being pushed to doctor's offices for its side effects with no mention of its main purpose unless the included paperwork was read, which we techs were told to not mention. I refused and quit that corporation. This just one of many things I saw management do.
You always get them!
the guy over our view of Senator warrens right shoulder, is more invested in this hearing than I am in my education.
God I love this woman! Please run 2020. Personally, I think this administration either did it or had it done, since not all states would give up our VOTING profiles. Mine did, unfortunately, against my wishes!
Is it just me or is Mr Monopoly sitting behind Mr Smith 😂😂😂
www.bustle.com/p/who-is-the-monopoly-woman-elizabeth-warrens-equifax-hearing-had-a-surprise-guest-2789087
Thank you Monopoly man!!
I started this video by hating this lady, after half of the video.....I love what she does.
Did anyone else catch the dude dressed up as the monopoly guy who was stroking his fake mustache and playing with his monocle behind the CEO at the 3:30 mark? :P absolutely hilarious!
Love
Warren is so smart. Love seeing her crush these corporate losers
Whos the mustache guy lol
check out the guy with the white mustache behind mr. Smith. lmao
The guy with monocule and top hat and white moustache got to love the message.
How much of these guys are now in prision?
You want to see a bunch of people screaming like a K-POP fan girls? Warren for VP 2020!!
Not only did she plunge the dagger in, she gave it a twist for good measure. Ouch!!! 🤪
On this, Senator Warren is dead on.
Mr. Monopoly in the back!
And THAT’S why I voted for Elizabeth Warren for President in the primary!!!!!!! 💚
Love Elizabeth Warren! Always kicking some butt! Off subject, what the heck is the guy with the white mustache and monocle doing? 🤔
&
Here is a thorough lesson.
Notice the guy behind the CEO dressed like the banker from monopoly game board .
The person in the background at 3:32 distracted me 😂
👏🏻👏🏻👏🏻
created their own breach etc then sell the solution. nice scam system,
Yes..Wow and wow again ! Good job !!!!!!!
Warren 2020!
Senator May God Bless you!!
Lock them up
Lmmfao at the monopoly guy in the back!!!
Are the wrong people learning these systems and have they been educated in or to stay in compliance?
Should someone ask the guy on her right if everything is ok at home?
Guy in monacle and top hat in the back left of the baker! Totally trolling cspan!
By golly I see him too at .ua-cam.com/video/e6fIuRqu6wc/v-deo.htmlm33s and ua-cam.com/video/e6fIuRqu6wc/v-deo.htmlm10s. There he is. Hilarious. However, he does not appear in other video footage of the same roll on other UA-cam versions of this exchange
I didn’t notice at first then that was all I could see.
5:14 he steals the show xD
Turns out that it is not a guy. See www.bustle.com/p/who-is-the-monopoly-woman-elizabeth-warrens-equifax-hearing-had-a-surprise-guest-2789087
He's brilliant, but Elizabeth Warren, she's a BEAST!!!!!
Hell yeah
Hahaha the monopoly guy