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CFPB Action Against Equifax Imminent

PYMNTS

But legal experts said it is likely to weigh in using powers it wields under the 2010 Dodd-Frank Act. 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). Last week, U.S.

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Equifax CEO To Explain Leak To Congress

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And New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cybersecurity regulations, as well as require agencies to report their officers or directors who are responsible for compliance with laws and regulations involving financial services, banking and insurance each year.

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