Data Breach, Federal Trade Commission and UDAAP

Equifax CEO To Explain Leak To Congress

PYMNTS

SEPTEMBER 22, 2017

Members of Congress are getting ready to grill Equifax CEO Richard Smith, who is set to testify about his company’s massive data breach that impacted as many as 143 million Americans. 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.

UDAAP

UDAAP CFPB Federal Trade Commission Breach

CFPB Action Against Equifax Imminent

PYMNTS

SEPTEMBER 25, 2017

The Federal Trade Commission and the Department of Justice are already investigating the cyberattack. The CFPB and legal experts said the regulator could pursue Equifax under an aspect of the Dodd-Frank Act that bans unfair, deceptive and abusive acts and practices (UDAAP).

CFPB

CFPB UDAAP Federal Trade Commission Breach

Payments Space

Equifax CEO To Explain Leak To Congress

CFPB Action Against Equifax Imminent

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