(Equifax tried to alleviate issues caused by the breach last month by offering a credit monitoring service that required forced arbitration.) Sen. The Senate Banking Committee this week questioned current and former executives at Equifax and Wells Fargo, companies that have used forced arbitration, resulting in strong language from some committee members. While the Consumer Financial Protection Bureau enacted a rule in July 2017 that would not allow companies to use fine print to bar customers from filing class actions, Senate leadership is examining ways to overturn it this fall. Of course, the Monopoly man's mission this week was not all fun and games. The cards were also delivered them to each of the 100 Senate offices. On Tuesday, the Monopoly man made a less viral appearance as Werner stood outside the Senate Banking Committee's hearing and handed out "get out of jail free" cards to senators and Wells Fargo CEO Tim Sloan (who did not accept the gift). "Folks were really not happy with me."īut those on social media had a different impression, as Werner's Monopoly man blew up online. "I was getting a lot of dirty looks all throughout the hearing, especially when I would drop my monocle or crinkle a dollar bill," Werner said of the reactions Equifax officials had. and scored prime real estate for Werner directly behind Smith and other Equifax officials (and in a direct view of CSPAN's cameras). Werner did not realize the act would go viral until an intern for the organization stood in line at 7 a.m. "We talked about doing this and trying to photobomb him, essentially during the hearing, but I didn't actually think it was going to come together," Werner said. Werner, who uses the gender pronouns they/them, told Money they came up with the idea last week. Or, as Werner describes it, a "get out of jail free card" that forces consumers to waive their rights to a class-action lawsuit and leave companies relatively unpunished. Playing the Monopoly man who scrunched his eye to hold his monocle in place, twisted his white mustache and dabbed his forehead with money, Werner channeled the board game figure to raise awareness about a key issue resulting from the credit bureau's massive data breach that compromised the personal information of more than 145 million people: forced arbitration. If you think you were mistaken when you saw the Monopoly man at the Senate Banking Committee's hearing on the massive Equifax data breach Wednesday, you may need to adjust your monocle.Īmanda Werner, arbitration campaign manager for Public Citizen and Americans for Financial Reform, caused quite a stir while dressed as Rich Uncle Pennybags and sitting directly behind former Equifax CEO Richard Smith.
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