[Infowarrior] - New CFPB chief gives up on punishing Equifax

[Richard Forno]

Mick Mulvaney, the former loan-shark lobbyist who killed plans to regulate payday lenders after being appointed chief of the Consumer Finance Protection Board, has effective abandoned the agency's efforts to punish Equifax for leaking the sensitive personal and financial information of at least 145,500,000 Americans.

According to sources cited by Reuters, the agency "has not ordered subpoenas against Equifax or sought sworn testimony from executives, routine steps when launching a full-scale probe" and cancelled plans for "on-the-ground tests of how Equifax protects data." They've also turned down offers of assistance from the Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency.....

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