The Wall Street Journal: No letup to CFPB investigation into Equifax, Mulvaney says

WASHINGTON — A federal consumer-finance regulator’s probe of the data breach at Equifax Inc. hasn’t changed since the Trump administration took over the agency, the interim head of the agency said Tuesday, dismissing a report suggesting that it had pulled back from the investigation.

“I can tell you, senator, there has been no change in the position from the previous leadership of the CFPB regarding Equifax,” Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, said at a Senate Budget Committee hearing. Mulvaney, who also serves as the White House budget chief, was addressing a lawmakers at a hearing on a Trump administration budget proposal released Monday.

More than 30 Democratic senators sent a letter last week to Mulvaney about the Equifax investigation, following a news report that the CFPB may have halted its probe of the Equifax hack, which compromised personal data of 145.5 million Americans.

Mulvaney’s brief statement regarding Equifax EFX, +0.13%   marked the first time he has publicly confirmed the bureau’s continued investigation into Equifax since the news report, though he previously offered a suggestion about the status of the case.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

California employers in a bind over immigration enforcement.

Amazon’s latest ambition: To be a major hospital supplier.

Filed in: Top News Tags: 

You might like:

The Wall Street Journal: Stacey Abrams eyes history after win in Georgia gubernatorial primary The Wall Street Journal: Stacey Abrams eyes history after win in Georgia gubernatorial primary
Asia Markets: Nikkei leads Asian-market losses as investors’ geopolitical worries grow Asia Markets: Nikkei leads Asian-market losses as investors’ geopolitical worries grow
The Wall Street Journal: Walmart to buy SoftBank’s stake in India’s Flipkart The Wall Street Journal: Walmart to buy SoftBank’s stake in India’s Flipkart
The Wall Street Journal: Wynn Resorts’ executive compensation plan rejected by shareholders The Wall Street Journal: Wynn Resorts’ executive compensation plan rejected by shareholders
Trump hints at more tax cuts to be unveiled before November Trump hints at more tax cuts to be unveiled before November
One New York couple asked a court to help them evict their 30-year-old son One New York couple asked a court to help them evict their 30-year-old son
The Wall Street Journal: Israeli firm partnered with Cambridge Analytica to win U.S. government contracts The Wall Street Journal: Israeli firm partnered with Cambridge Analytica to win U.S. government contracts
Key Words: Is voting in 2018 really as important as in 2016? Trump’s not so sure Key Words: Is voting in 2018 really as important as in 2016? Trump’s not so sure

Leave a Reply

Submit Comment
© 2018 Stock Investors News. All rights reserved. XHTML / CSS Valid.