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CFPB Action Against Equifax Imminent

PYMNTS

The Federal Trade Commission and the Department of Justice are already investigating the cyberattack. Because Equifax is not strictly a financial company, there was uncertainty over whether the CFPB has the power to penalize the firm for the breach. Last week, U.S.

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Equifax CEO To Explain Leak To Congress

PYMNTS

In the meantime, the Federal Trade Commission has already launched an investigation into the leak, and Equifax is also facing backlash from several U.S. Plus, there is the CFPB, which is widely believed to be about to lay a punishment down on Equifax using the same powers it has used against Wall Street’s biggest banks.

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