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US Consumer Protection Official Puts Equifax Probe on Ice (reuters.com)

Posted by msmash on from the what-in-the-world dept.

From a report on Reuters: Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax failed to protect the personal data of millions of consumers, according to people familiar with the matter. Equifax 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. The CFPB has the tools to examine a data breach like Equifax, said John Czwartacki, a spokesman, but the agency is not permitted to acknowledge an open investigation. "The bureau has the desire, expertise, and know-how in-house to vigorously pursue hypothetical matters such as these," he said.

5 of 145 comments (clear)

  1. Big news! by GrahamJ · · Score: 4, Funny

    News Flash: Trump’s picks don’t do their jobs.

    In other news: The sky is blue.

    1. Re:Big news! by Dragonslicer · · Score: 4, Funny

      Yeah, Obama should have sent the guns to Nicaragua instead and just given Iran a huge pile of money, like a True American President would have done.

  2. New dept name: US Protection Against the Consumer by JoeyRox · · Score: 5, Funny

    Those pesky consumers have been running roughshod over our sacred corporations for too long.

  3. I totally agree! by Anonymous Coward · · Score: 5, Funny

    "Firstly, there seems to be a lot of deep-state resistance to Trump's agenda. "

    We also need to consider the extraterrestrial element. However, that is being nullified by the Catholic Church's influence who the aliens are aligned with politically.

    We'll never know if the Satanists come in and muck up the works but my bets are on the Girl Scouts of America getting involved at some point.

     

  4. Re:Unnamed Sources by Anonymous Coward · · Score: 1, Funny

    According to THREE unnamed sources in the article. Much more believable than ONE unnamed source, three times better! [..] Yep, I'm just going to assume this is 100% false. Sorry, Fake News has made me dismiss every anti-Trump story that relies on unnamed sources.

    Thank you for your opinion Anonymous Coward, but since you are only one unnamed source, by your own standard your opinion is Fake News.