Consumers Union, the advocacy division of Consumer Reports, strongly opposes HR 6743, the Consumer Information Notification Requirement Act (Luetkemeyer). As consumers learned following the Equifax data breach, the massive security failure that led to the theft of the personal information of over 145 million people, the United States has a shockingly inadequate data security infrastructure. This bill, if passed, would further weaken existing protections for data held by financial institutions. This would leave consumers even more vulnerable to identity theft, which led to $17 billion in losses last year.