32 Senators Want To Know If US Regulators Halted Equifax Probe (engadget.com)
An anonymous reader quotes a report from Engadget: Earlier this week, a Reuters report suggested that the Consumer Financial Protection Bureau (CFPB) had halted its investigation into last year's massive Equifax data breach. Reuters sources said that even basic steps expected in such a probe hadn't been taken and efforts had stalled since Mick Mulvaney took over as head of the CFPB late last year. Now, 31 Democratic senators and one Independent have written a letter to Mulvaney asking if that is indeed the case and if so, why.
In their letter, the senators expressed their concern over these reports and reiterated the duty the CFPB has to not only investigate the breach but to bring action against Equifax if deemed necessary. "Consumer reporting agencies and the data they collect play a central role in consumers' access to credit and the fair and competitive pricing of that credit," they wrote. "Therefore, the CFPB has a duty to supervise consumer reporting agencies, investigate how this breach has or will harm consumers and bring enforcement actions as necessary."
In their letter, the senators expressed their concern over these reports and reiterated the duty the CFPB has to not only investigate the breach but to bring action against Equifax if deemed necessary. "Consumer reporting agencies and the data they collect play a central role in consumers' access to credit and the fair and competitive pricing of that credit," they wrote. "Therefore, the CFPB has a duty to supervise consumer reporting agencies, investigate how this breach has or will harm consumers and bring enforcement actions as necessary."
Trump blocked the inquiry into the worst data breach ever, and he committed treason with the Russians. Basically he is a bad guy and his supporters are retards.
Well quitting time. Anyone wanna hit the strip club?
They want some money! Give us some money!
Seriously. Why are these Senators bothering? It's not like he will give them a clear response. Any response, if he even provides one, will only serve to make up some bullshit reason why it was "unnecessary" rather than the real reason, which is that these guys believe fundamentally there's nothing wrong with cheating people and fucking people over.
So why waste time and write the letters? To just look like they are doing something useful?
I've seen more commercials for Equifax consumer products in the last six months than I have in the last six years. Enron wasn't pitching their retirement accounts while they were under investigation and Martha Stewart wasn't taking out Super Bowl ads to pitch her new holiday pots-and-pans collection while she was under investigation.
A real investigation of Equifax would keep Equifax's name in the news in a bad way, and Equifax wouldn't be pitching their credit monitoring apps on primetime TV if their name was associated with being under investigation.
So yes, it's abundantly clear that Equifax isn't getting the probing they deserve.
"Make me. Pbbbbbbbtttt!!!" [Sticks thumbs in ears and wiggles fingers]
That when the DEMOCRATS (whose icon adorns this story) created the CFPB they did so WITHOUT congressional oversight - ut runs autonomously. Allegedly so that it has no "political" bias but it was created solely as bully arm of the Obama Administration.
http://www.politifact.com/truth-o-meter/statements/2015/nov/14/carly-fiorina/carly-fiorina-says-consumer-financial-protection-b/
So the CFPB owes the Democrats NO explanation.
Suck it up buttercup and next time create entities with that in mind.
These 32 senators are probably the treasonous ones. Our American people elected this government to get their things done, not play around with not-relevant long dead controversies. Why don't these Democrat party traitors stop wasting time and start doing some work instead of wasting OUR taxpayer dollars on yet another left wing wich hunt. We should lock them up for undermining democraticly elected goverment.
CSBF's been busy protecting loan sharks, er payday lenders. http://www.latimes.com/busines... And now you want them to also find time to probe criminals at Equifax? Silly Rabbit! Just who do you think they really work for now?
White House Down.
So what if the company gets a huge fine? It doesn't solve a damn thing. The people whose data was stolen don't get their security back nor do they get compensated in any way. IMHO, this is little more than an extortion racket being run by the government who inhales every dollar it can.
It makes sense.... since the Wolves are guarding the henhouse, they've adopted a pro-Wolf policy to the point of not even investigating the reported theft of 10 million chickens.
The CFPB is not subject to congressional oversight
https://en.wikipedia.org/wiki/...
"A 2013 press release from the United States House Financial Services Committee criticized the CFPB for what was described as a "radical structure" that "is controlled by a single individual who cannot be fired for poor performance and who exercises sole control over the agency, its hiring and its budget." Moreover, the committee alleged a lack of financial transparency and a lack of accountability to Congress or the President. Committee Vice Chairman Patrick McHenry, expressed particular concern about travel costs and a $55 million renovation of CFPB headquarters, stating "$55 million is more than the entire annual construction and acquisition budget for GSA for the totality of federal buildings."[71] In 2012, the majority of GSA's Federal Buildings Fund went to rental costs, totaling $5.2 billion. $50 million was budgeted for construction and acquisition of facilities.[72]"
Lol I wonder who it could be?
Only crack the nuts that crack. You don't put the ones that don't crack in the sack.
keeps cropping up as a tired old, completely incorrect meme.
Absolute statements are never true
Honest question: when I drive my car way over the maximum speed on an empty road, why should I be punished for it ? I have not yet caused mayhem, did I ? So, whats the problem ?
In other words: There where rules specified. If I'm expected to follow them blindly to the letter - even when not following them could save someones life* - than how come that some bigwig person can ignore such rules with impunity, and get away with it ? Is this perhaps some kind of class justice ? (Yes. yes, it is).
*In my country you can get a ticket for passing a red light even when you do that to make way for the, with full light and sound approaching, police, ambulance or firetruck. You actually have to fight to get such a ticket nullified.
Seriously, Americans deserve this shit. People on this site in particular, considering the types of comments which are regulatory posted here over the last year. Casual racism, sexism, pro-oligarchy, anti "anything" involving social welfare and all the rest of it which comes from being a Trump supported.
Placing an openly anti-science jackass as head of the EPA, a HUGE asshat of a carrier puppet as head of the FCC, an anti-consumer head of the CFPB, an anti-education as secretary of education. The list goes on and on and on. Then to top it off, you morons act like it's all a good thing.
The rest of the planet is just shaking their heads and asking if Americans have finally gone completely batshit crazy. Meanwhile, you shout "We don't care bout what you eurofags say! MURICA!! MURICA!!".
So yes, you deserve what you get. You deserve to eat poison food. You deserve to pay more out the ass for terrible "broadband" internet and pay again to be able to actually use it.
You deserve no medical care. You deserve no education. You deserve to live in a country where corporations dictate all aspects of your life and you have no recourse against them. You deserve all this because you are too stupid to even know that you are stupid.
I've said it once and I'll say it again. Since Equifax and the rest of the "Credit Reporting Industry" has successfully passed "Regulation" (what about de-regulation?) that exempts them from being held accountable for spreading lies that damage people both financially and professionally, we the people must all agree as citizens that we will never convict anyone of murdering the owners, management, and stockholders of said company when they are committing libel against someone by spreading false "Credit Information" about that person. If someone can present evidence showing invalid information on their credit report, and they show that they notified the credit reporting agency, and it wasn't 100% expunged from their report immediately, then, if that person subsequently murders the management, owners, and stockholders of said credit reporting company, that fact should be an affirmative "Stand Your Ground Self-Defense" and they should not be convicted because they were simply defending their lives. Problem solved. See how fast this shit gets fixed then.
...had a duty to investigate Hillary Clinton after she fucked Bernie in the dem primaries, on top of all the other criminal activity she performed.
Guess it's ok to ignore when its one of your own.
...not doing a good job? I'm shocked! Absolutely shocked!
1) political grandstanding. sadly the biggest part of the job. It is how you show or earn enough public support to scare other politicians into caring or fearing inaction or corrupt positions. They only care about keeping their power for the few things they do actually care about - this is why for example, abortion is always an issue but they never will ban it because that takes away the issue (and hands it over to the opposition.)
2) people are more motivated AGAINST than FOR an issue. Being the underdog is actually the best position; which is why we have White Christians and the 1% constantly acting like oppressed victims as much as they can even when they have most the power. (War on Christmas , culture "warfare" etc ) When evenly split, this also promotes a constant back and forth as the minority party can better motivate their base each cycle ( obviously other factors contribute as well.)
3) Power divided. Not divided enough which is why we have a lot of our problems today... The flip side is nobody can do much on their own, they have to work with others to get much of anything done. Two of the ways to "do something" were just stated above. Furthermore, you have to look like you are doing something even if nothing is getting done; again see above.
To have accountability. If they're lying to a specific request, and it's on paper, they have definite proof.