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If there are 140 million members then any settlement will be individually quite modest (Equifax has annual income of ~600 million dollars, so multiple years of all of it to get to even $10).

It does seem like any penalty for something like this should severely impact the ability of the company to operate though.

I suppose a $0 way to penalize them severely would be to force Equifax to allow individuals to opt out of having Equifax store information about them. Lots of people would do so without understanding that it might impact their ability to get a loan, but so what.

But that would also make Equifax's product not that appealing to the companies that would purchase it. So organisations would have to use one of the other agencies as well.

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