Mick Mulvaney, the former loan-shark lobbyist who killed plans to regulate payday lenders after being appointed chief of the Consumer Finance Protection Board, has effective abandoned the agency's efforts to punish Equifax for leaking the sensitive personal and financial information of at least 145,500,000 Americans.
According to sources cited by Reuters, the agency "has not ordered subpoenas against Equifax or sought sworn testimony from executives, routine steps when launching a full-scale probe" and cancelled plans for "on-the-ground tests of how Equifax protects data." They've also turned down offers of assistance from the Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency.
Under Cordray, the CFPB and FTC agreed to work together on the Equifax inquiry, sources said. But while the agencies have similar powers to investigate, only the FTC has issued a subpoena.
And while Cordray had asked bank regulators to join in fresh cyber security exams of the bureaus, last month the CFPB told the regulators that no on-site exams were planned, so their help was not needed, said three officials, who declined to be identified because they were not authorized to speak publicly.
Exclusive: U.S. consumer protection official puts Equifax probe on ice [Patrick Rucker/Reuters]
(Image: Trump's Hair)
Trump's 2017 #taxscam transferred more than a trillion dollars to the richest people in America, but when Trump talks about it, he likes to tout the bill's "opportunity zone" provisions that provided massive tax breaks to investors who put money into places that would supposedly create jobs and housing for poor Americans.
A post called "The Right Way to Reduce Your China Product Costs" on China Law Blog (previously) sounds like pretty anodyne stuff, but it turns out to be a catalog of several technothrillers' worth of ultra-weird, real-world skullduggery and chicanery from the world of late-stage capitalism and trade war.
It's a preview of just how badly things could go in 2020: the Kentucky gubernatorial race was narrowly decided for the Democratic candidate Andy Beshear, but the monumentally unpopular Trumpist incumbent Matt Bevin will not concede, and instead, he is repeating the Trumpist lie that "voter fraud" caused him to lose his office.
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Knowledge is power. It’s a cliché, but sometimes things turn into a cliché because they’re true. If you’re making your way through the world of business and entrepreneurship, it only makes sense to read about the insights of people who have climbed that ladder before you. Trouble is, the modern workday doesn’t leave a lot […]
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