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CFPB Action Against Equifax Imminent

PYMNTS

The Federal Trade Commission and the Department of Justice are already investigating the cyberattack. But legal experts said it is likely to weigh in using powers it wields under the 2010 Dodd-Frank Act.

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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. The CFPB and legal experts said the regulator could pursue Equifax under an aspect of the Dodd-Frank Act banning unfair, deceptive and abusive acts and practices (UDAAP).

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