Well, I wouldn't shed any tears over the dissolution of Equifax and other credit agencies - though a lawsuit would of course involve the judicial branch (the courts).
But the problem is:
A. If Equifax gets a judgment for close to or for more than the company is worth, the simplest way one could assure the suit is paid to sell the company, keeping the operation going rather than ending it.
B. Many businesses integrate credit checks into their operations - it's ridiculous and despicable as mentioned by other but most of these companies and individuals (landlord for example) at least imagine they couldn't survive without the credit agencies so this large group would push for another solution then just getting rid of the credit agencies.
C. Getting rid of one credit agencies leaves the other two even stronger.
But the problem is:
A. If Equifax gets a judgment for close to or for more than the company is worth, the simplest way one could assure the suit is paid to sell the company, keeping the operation going rather than ending it.
B. Many businesses integrate credit checks into their operations - it's ridiculous and despicable as mentioned by other but most of these companies and individuals (landlord for example) at least imagine they couldn't survive without the credit agencies so this large group would push for another solution then just getting rid of the credit agencies.
C. Getting rid of one credit agencies leaves the other two even stronger.