When you are the keeper of the world’s credit reports, you might expect a lawsuit every now and then, and Equifax is well prepared.
“A lot of the cases are really minor issues, but they involve hundreds of cases, so it really makes sense to find an alternative way to handle these cases with a cost that is predictable,” says Robert W. Kamerschen, U.S. chief counsel, senior vice president, governmental relations and chief compliance officer. “Overall, we’ve decreased our spending on outside counsel by approximately 20 percent.”
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