U.S. senators ask consumer watchdog head for details on Equifax probe

From Reuters - February 8, 2018

WASHINGTON (Reuters) - A group of 31 U.S. senators said on Thursday they had written to the leadership of the Consumer Financial Protection Bureau (CFPB) demanding information on the consumer watchdogs stalled probe into credit reporting agency Equifax Incs (EFX.N) massive data breach.

The letter adds to mounting pressure on Mick Mulvaney, the interim head of the CFPB, to resume a full-scale probe into the company after Reuters reported that the bureau had pulled back from an investigation into how hackers were able to steal data Equifax had gathered on around 143 million Americans.

The Reuters report prompted a barrage of criticism from Democratic lawmakers and consumer advocacy groups, including Senate Minority Leader Chuck Schumer, who urged the CFPB to launch a full-scale probe.


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