Exclusive: U.S. consumer protection official puts Equifax probe on ice - sources
Source: Reuters
Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to people familiar with the matter.
Equifax (EFX.N) said in September that hackers stole personal data it had collected on some 143 million Americans. Richard Cordray, then the CFPB director, authorized an investigation that month, said former officials familiar with the probe.
But Cordray resigned in November and was replaced by Mulvaney, President Donald Trump’s budget chief. The CFPB effort against Equifax has sputtered since then, said several government and industry sources, raising questions about how Mulvaney will police a data-warehousing industry that has enormous sway over how much consumers pay to borrow money.
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Three sources say, though, Mulvaney, the new CFPB chief, has not ordered subpoenas against Equifax or sought sworn testimony from executives, routine steps when launching a full-scale probe. Meanwhile the CFPB has shelved plans for on-the-ground tests of how Equifax protects data, an idea backed by Cordray.
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Read more: https://www.reuters.com/article/us-usa-equifax-cfpb/exclusive-u-s-consumer-protection-official-puts-equifax-probe-on-ice-sources-idUSKBN1FP0IZ
Found this thanks to a tweet from Chuck minutes ago:
Link to tweet
= new reply since forum marked as read
Tearing it all down and blowing it all up.
EVERY. FUCKING. DAY.
How much more are we going to take? 
The extremely wealthy people of this country have so much more to lose if any of their credit cards get hacked.
Me - I might be out a couple grand - but my point is the hackers won't even waste time on me.
It's the billionaires (or even millionaires) the ID thieves are going after. Am I right?
The GOP is so fucked up now they don't even realize how they're being screwed by their own party.
