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U.S. consumer finance agency expected to punish Equifax: lawyers [Reuters (UK)]

EQUIFAX (EFX)  More Company Research Source: Reuters
Last equifax earnings: 4/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
PDF U.S. consumer finance agency expected to punish Equifax: lawyers | Reuters 3 Min Read WASHINGTON (Reuters) - The U.S. consumer finance watchdog agency is expected to punish Equifax ( EFX.N ) for its cyber breach with the wide-ranging powers it has used with Wall Street, former agency officials and lawyers said this week. The credit-reporting company is subject to five federal laws governing listed companies, the use of public data and the fair treatment of customers, and the Federal Trade Commission and the Department of Justice are examining the hacking theft of personal information on up to 143 million people. But because Equifax is not strictly a financial company, questions arose whether the Consumer Financial Protection Bureau, the agency created after the 2008 financial crisis, has the power to penalize the firm for the breach. Legal experts said the CFPB is likely to weigh in using powers it wields under the 2010 Dodd-Frank Act. “Its Dodd-Frank mandate gives the CFPB authorit [Read more]

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