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Senators want Equifax answers on clawbacks, disclosures

Joe Mont | September 27, 2017

As might be expected from the Democrat’s consumer protection Pitbull, Sen. Elizabeth Warren (D-Mass.) has expanded her investigation into the causes of the recent Equifax breach, the company's response, and possible next steps to address problems at credit reporting agencies.

Warren’s latest efforts included letters to the chairman of the Securities and Exchange Commission, Equifax's Board of Directors, and the Department of Homeland Security (DHS), to request additional information.

Warren urged SEC Chairman Jay Clayton to investigate whether Equifax violated federal securities laws that prohibit public companies from misleading investors. She noted that despite discovering the breach on July 29 and retaining a cybersecurity firm to investigate it four days...

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