Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

As CFPB retreats, FTC urged to charge ahead with Equifax investigation

Joe Mont | February 6, 2018

Sen. Amy Klobuchar (D-Minn.) is urging the Federal Trade Commission to increase resources dedicated to its investigation of Equifax.

Equifax announced in September 2017 that a security breach had exposed the names, Social Security numbers, birth dates and addresses of as many as 145 million Americans.

Klobuchar’s letter to the FTC follows published reports indicating that Office of Management and Budget Director Mick Mulvaney directed Consumer Financial Protection Bureau investigators to pull back from their investigation of Equifax.  Mulvaney serves as acting director of the CFPB.

The attack falls under the jurisdiction of several federal agencies, including the FTC, the CFPB, and the Department of Justice, each of which announced investigations shortly after the breach occurred. While the investigation by DOJ will seek to uncover any criminal wrongdoing, “thorough civil investigations are also essential for identifying the missteps that rendered Equifax’s...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.