32 Democratic senators demand to know if Trump’s consumer finance boss has let Equifax off the hookOn February 9, 2018 by Kenna
Following reports this week that Mick Mulvaney, Trump’s new chief of the Consumer Finance Protection Board had stopped all activity related to probing the Equifax breach in which the sensitive financial data of virtually every adult American was stolen, 32 Democratic senators have written to Mulvaney demanding that he account for himself.
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.” They specifically ask Mulvaney and Deputy Director Leandra English whether the probe has been halted and if so, why and under whose direction. They also ask about any plans for on-site exams of Equifax and other bureaus, what steps they’ve taken in the investigation so far and whether they’re coordinating with the FTC and its Equifax probe.
The senators have requested a response by February 19th.
32 senators want to know if US regulators halted Equifax probe [Mallory Locklear/Engadget]
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