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)
The Trump administration's plan to bring back asbestos is right in line with Trumpist ideology that any science that interferes with profits is a hoax (Trump claims that the asbestos-cancer link is a conspiracy to help the mafia make money on asbestos removal contracts), and the fact that the leading Russian asbestos company (which has […]
Kate "McMansion Hell" Wagner is carrying $42,000 in student debt; heiress Betsy "Marie Antoinette" DeVos is the anti-public-school advocate whom Donald Trump put in charge of the nation's public schools, and one of her first official acts was to end the rules limiting sleazy student debt-collection tactics, even as Trump was ending debt relief for […]
Whitney Phillips (previously), a researcher at the "think/do tank" Data & Society (previously) has prepared a snappy, short report on the paradox of covering disinformation campaigns, trolling, and outright lies?
We’ve all used Excel at some point in our careers, but chances are most of us have only scratched the surface of what this ubiquitous program can do. From automating simple tasks to presenting data through beautiful charts and PivotTables, Excel brings a ton of utility to the table that can make a huge impact […]
Traveling isn’t always the most comfortable experience, but at least you have your music to keep you company on those long flights. That is, until your chatty neighbor and that crying baby three seats over drown out your playlist. These Paww WaveSound 3 Noise-Cancelling Bluetooth Headphones block up to 20 decibels of audio, so you can […]
SEO can be a fickle creature, but it can work in your favor—you just need the right tools. When it comes to getting your site on that coveted first page of Google, SERPstash Premium simplifies the process with 21 user-friendly tools designed to break down your page’s performance and show you where you can improve. Lifetime […]