In September, Equifax said that hackers stole personal data it had collected on some 143 million Americans. Reuters reports, Mick Mulvaney, head of the Consumer Financial Protection Bureau (CFPB), has pulled back from a full-scale probe of what went wrong at Equifax.
Reuters said, "The CFPB has further rejected offers from the Federal Reserve, Federal Deposit Insurance Corp, and the Office of the Comptroller of the Currency to help with these tests."
As the 10th anniversary of the financial crisis approaches, big banks are winning under the Trump administration! Industry executives have become regulators and are quietly changing the regulations put in place to rein in Wall Street.
"Critics say it’s no surprise many of the changes are taking place at the regulatory agencies where public input is rare and much of the business is conducted behind closed doors." #BetterBanks ...