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32 Senators Want To Know If US Regulators Halted Equifax Probe

32 Senators Want To Know If US Regulators Halted Equifax Probe

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.”

Read more of this story at Slashdot.

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Posted by amiller in Blog, democrats