Top Consumer Watchdog to Drop Probe into Equifax Breach

07 February, 2018, 01:10 | Author: Essie Rivera
  • JPMorgan Reassures Clients On Health Care Partnership Concerns

However, it wouldn't be a surprise if Mulvaney chose to favor the financial industry over a federal agency created to financially protect American consumers.

"The FTC is well-positioned to investigate this matter and its effect on consumers and Director Mulvaney's actions suggest that FTC may be the only independent federal agency left undertaking a thorough civil investigation".

While is it not unusual for regulators to work together - former Comptroller Thomas Curry met on a regulator basis with former CFPB Director Richard Cordray - issuing a press release about the meeting with praise for a fellow regulator is somewhat atypical.

"I have been impressed with Mick's leadership and emphasis on operational efficiency and excellence", Otting said in a statement.

Democratic lawmakers lashed out at the Consumer Financial Protection Bureau on Monday amid a report that the agency was backing off an investigation into a massive data breach at Equifax past year that exposed sensitive data about millions of people.

'Cold war mentality': China blasts United States nuclear review calling Beijing a threat
In a written statement, Trump on Friday said US strategy is created to make use of nuclear weapons less likely. China called for the U.S.to stop a policy it said harkened back to the days of the Soviet Union.

Spice Girls confirm reunion is in the works
The five chart-toppers "are always overwhelmed at how much interest there is across the whole world for the Spice Girls ".

Congressman: Deport 'Illegal Aliens' At State Of The Union
Dreamers are legally protected from arrest and deportation under the program started under President Barack Obama in 2013. - Rep. In a statement on Tuesday, Gosar suggested Capitol Police should check IDs at the door and arrest any illegal immigrants.

I'm not aware of that but as I said it is something I am going to discuss with him and we'll take up at [the Financial Stability Oversight Council]", Mnuchin responded.ICYMI: "watch my exchange about the CFPB's handling of the investigation of the #Equifax data breach with U.S. Treasury Sec.

Although the agency is not allowed to acknowledge open investigations, three sources have come forward to Reuters about troubling details regarding the Equifax investigation.

For Republicans, who have always been critical of the CFPB, Mulvaney's efforts are a welcome change for the agency, which they say has been too aggressive.

"I haven't spoken to Director Mulvaney about it, but I will", Mnuchin said during testimony in front of the House Financial Services Committee. Professor Jeff Sovern acknowledged yesterday in the Consumer Law and Policy Blog that "the CFPB has very limited jurisdiction over the Equifax data breach, if it has any jurisdiction anyway...."

On Tuesday, Mulvaney named Kirsten Sutton Mork chief of staff for the agency. The committee's chairman, Rep. Jeb Hensarling (R-Tex.) has been one of the CFPB fiercest critics.

Recommended:



Popular

Bogus tsunami alert for USA east coast following test 'glitch'
But the message came a bit too late for many people who saw the alert and took to social media in a panicked flurry. A Tsunami warning is NOT in effect for Charleston according to officials with the National Weather Service.

2 killed, several injured in train derailment in South Carolina
Investigators concluded that a cattle feed delivery truck hit the track and shifted it at least a foot before the derailment. The National Transportation Safety Board , or NTSB , said it was sending a team to the site of the crash.

Palestinian Authority preparing to 'disengage' from Israel
The statements, however, have been largely vague and non-binding, leading several other Palestinian political parties to disregard and criticise them.

Jose Mourinho confirms Marouane Fellaini will be out for a "few weeks"
Sir Alex, then Manchester United manager, said that the team would need to improve a lot because Chelsea had raised the bar to a new level.

Budget 2018: Sensex jumps above 36000, Nifty crosses 11000
On the NSE, 135 stocks advanced, 1,716 declined and 31 remained unchanged. 125 stocks were unchanged. The company had posted a consolidated net profit of Rs 976.82 crore in the year-ago quarter.

Mexico to Hold Major Deep-Water Oil Auction Today

Iowa ranks #1 nationwide with most structurally deficient bridges
The bridges are among 693 the state has identified as in need of repairs, with a cost estimate of $1.7 billion. In anticipation that President Trump's State of the Union address will include a building program, Dr.

Australian Government Embarrassed by Release of Thousands of Sensitive Documents
Numerous documents detail the behind-the-scenes minutia of various administrations. It also did not reveal the nature, nor the content of the missing NSC documents.

First Halloween set photos hit!
Carpenter said that filmmaker Green and Eastbound & Down's Danny McBride were aboard the project as writers, with Green directing. The 2018 Halloween film will also star Virginia Gardner, Miles Robbins, Dylan Arnold, Drew Scheid, and Will Patton.

Pfizer (PFE) Given a $38.00 Price Target by Morningstar Analysts
Diamond Hill Capital Management Inc has 2.09% invested in Pfizer Inc . (NYSE: PFE ). 210,832 are owned by Lehman Fincl. AbbVie Inc. ( ABBV ) pays a dividend of 2.84, which translates to dividend yield of 2.32% based on the current price.