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:

Vitaliy Katsenelson's Contrarian Edge: Investors have misdiagnosed Amazon’s push into the pharmacy business Vitaliy Katsenelson's Contrarian Edge: Investors have misdiagnosed Amazon’s push into the pharmacy business
London Markets: London markets higher, buoyed by materials stocks, trade optimism London Markets: London markets higher, buoyed by materials stocks, trade optimism
Next Avenue: Consider this investment strategy to generate income in retirement Next Avenue: Consider this investment strategy to generate income in retirement
NerdWallet: How to retire in your 30s or 40s—even if you have kids NerdWallet: How to retire in your 30s or 40s—even if you have kids
FA Center: Find financial advisers who can give your portfolio a personal touch FA Center: Find financial advisers who can give your portfolio a personal touch
Catholics skip the collection plate amid ‘moral catastrophe’ of Pennsylvania’s sex abuse cover-up Catholics skip the collection plate amid ‘moral catastrophe’ of Pennsylvania’s sex abuse cover-up
Outside the Box: How a CEO’s personal habits can cost you money Outside the Box: How a CEO’s personal habits can cost you money
Grow: How to handle a financial emergency, even if you’re living hand to mouth Grow: How to handle a financial emergency, even if you’re living hand to mouth

Leave a Reply

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