And we got trouble!
Right here in River City....
Posted on 02/05/2018 9:39:19 AM PST by Leaning Right
Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to people familiar with the matter.
(Excerpt) Read more at reuters.com ...
Anyway, I hope that the article isn't true. Equifax should be nailed to the wall for what they allowed to happen. Recall that Equifax's chief security officer at the time was a music major!
And I should note that this is one of those “according to people familiar with the matter” reports. So who knows what the real story is.
Unnamed sources
No corroboration offered.
Hit piece.
It cost me quite a bit to freeze all our credit as a result of what these yutzes did. So I had to pay for what THEY did. They ought to be sued out of existence.
That is a bad sounding thing if true
The check finally cleared.
> The check finally cleared. <
I hate to say it, but that was my first thought as well. I trust Trump. I trust Pence. And I kinda trust Mattis. But the rest of them...not so much.
Could be that this lefty anti-capitalist agency is not the best unit to be addressing Equifax’s failure? Maybe actual law enforcement, coupled with class actions, will do the trick? Just a guess as to why they would yank it from that agency.
I may be in the minority, but I’m of the opinion that these reporting agencies ought to be more highly regulated. That’s not something I suggest lightly.
For better or worse, they have inserted themselves in between the parties of most financial transactions. You basically can’t obtain a loan without one or more of their imprimaturs.
Yet they routinely screw up consumers’ reports, make it difficult for consumers to correct them and generally do a poor job at the one thing they’ve made themselves indispensable to provide. Consumers have no choice but to participate and little recourse when they aren’t satisfied with these agencies’ actions. I think it’s become pretty obvious that they can’t be trusted to do their jobs well. Absent another private agency to monitor the credit reporting agencies, I don’t see any other solution than to involve regulators.
This article came out after the one letting us know Equafax was the most hated company.
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