Slashdot Mirror
US Consumer Protection Official Puts Equifax Probe on Ice (reuters.com)
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.
CFPB missed millions of fake accounts being created for years until a whistleblower pointed it out. They had full visibility of this fraud and didn't detect it themselves, despite having a spinal tap into all consumer financial activity. But never mind that, it's time for our hourly scream at the Orange Nazi!
In Belgium you need to be a loan company to get access. That means not just saying that you are one, you need to prove that you are one and then you need to fullfill several tests.
That is the reason that the majority of the chains who sell something on credit do not do the credit part themselves. That is outsourced to a credit company. This because they are unable (not unwilling) to fullfill all the requirements.
And it does not matter what they cvlaim. They need to follow the law and the law is pretty clear in that saying that there is a difference in late payment and a loan.
The gathering of information in Europe is also limited as well as what you can do with it, by law. Yes, some will do illegal stuff. Just because murder is illegal does not mean nobody does it. Laws are because of accountability, not prevention.
Don't fight for your country, if your country does not fight for you.
Not surprisingly, Mulvaney has been taking money from Equifax, Experian, and other entities the CPFB has been investigating, and has delayed, or ended investigations against them.
https://www.commondreams.org/n...
Then again what else do you expect when the appointed leader of a government organization believes that organization shouldn't exist. (e.g. Rick Perry, Ryan Zinke, Scott Pruitt etc.) Dismantling of government oversight, de facto bribery (not de jure only due to only ridiculously strict interpretations of the bribery law, explicit quid pro quo situations being prosecuted, and seldom even then.)
DMCA - Chilling free speech since 1998.
It's funny, back in 2016 Fox News was more than happy spouting conspiracy theories about Hillary's health citing unnamed sources. Back in 2011, none other than Donald Trump cited unnamed sources that there was conclusive evidence that Barack Obama was not born in Hawaii. It's funny how naming sources only seems to matter when the story disturbs your worldview.
You choose to dismiss anti-Trump stories. Nothing "made" you do it. Please accept that you have completely shut down the thinking part of your brain and are relying on your amygdala to think for you. Sad!
I love the irony of your last line. It's hard to have trust in the right-wing media, because they have spent about 20 years shitting all over the facts and telling us it's truth compost. It's getting to the point where fact-checkers don't even bother anymore.