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CFPB Action Against Equifax Imminent

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Add the Consumer Financial Protection Bureau to the list of federal agencies expected to punish Equifax for the massive security breach that exposed the personal data of around 143 million Americans. A CFPB spokesperson declined to say whether the agency already has plans to open an investigation. Last week, U.S.

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CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities

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To say that 2020 has already started off as a busy year for the Consumer Financial Protection Bureau (CFPB) might be an understatement. In the most recent news late last week, the CFPB said it would change the way it defines and addresses “ abusive ” practices within the financial services arena.

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Equifax CEO To Explain Leak To Congress

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The company’s shares have fallen more than 30 percent since the hack, which exposed consumer names, Social Security numbers, birthdates, addresses and, in some cases, drivers’ license numbers. The company also reported 209,000 U.S. The Equifax leak – and the company’s response to it – has sparked outrage among U.S.

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