Consumer Bureau Drops Investigation of Equifax Data Breach
Here’s a disturbing report on the Trump Administration’s Pull-Back on Equifax Massive Data Breach
Ever since Trump appointed Mike Mulvaney to take over the Consumer Financial Protection Bureau, he has been systematically moving from consumer protection to protecting payday lenders, credit agencies, and other industry groups.
The latest outrage is an outrage–he is stepping back from investigating the massive Equifax data breach. Reuters reports the Consumer Bureau “has not ordered subpoenas against Equifax or sought sworn testimony from executives” and has also “shelved plans for on-the-ground tests of how Equifax protects data.”
“This is frankly unbelievable,” stated National Consumer Law Center Attorney Chi Chi Wu. “With half of the US population victimized, you think there’d be universal agreement that Equifax should be held accountable for its incompetence, and that credit bureaus need close monitoring to make sure they are handling OUR data safely and securely.”
The Equifax data breach, announced on September 7, 2017, affected 145 million Americans, with thieves stealing highly sensitive information including Social Security numbers, dates of births, and in some cases, driver’s license numbers. It was likely the worst data breach in U.S. history yet Mulvaney is intent on doing nothing.