Trump Regime

Mulvaney Shuts Down Investigation of Equifax

JM Ashby
Written by JM Ashby

The credit rating agency Equifax shocked the world last year when it revealed that hackers breached their servers and obtained sensitive information on over 140 million Americans.

The breached has prompted literally hundreds (240!) lawsuits and a full investigation launched by former Consumer Financial Protection Bureau (CFPB) director Richard Cordray, but current director Mick Mulvaney has reportedly called off the probe according to an exclusive report from Reuters.

Three sources say, though, Mulvaney, the new CFPB chief, has not ordered subpoenas against Equifax or sought sworn testimony from executives, routine steps when launching a full-scale probe. Meanwhile the CFPB has shelved plans for on-the-ground tests of how Equifax protects data, an idea backed by Cordray.

The CFPB also recently rebuffed bank regulators at the Federal Reserve, Federal Deposit Insurance Corp and Office of the Comptroller of the Currency when they offered to help with on-site exams of credit bureaus, said two sources familiar with the matter.

Mick Mulvaney, who is also the White House budget director and possibly a lizard in an Edgar suit, does not believe the CFPB or most of the federal government should even exist so this isn't necessarily surprising even if it is gobsmacking.

For the Trump White House, Mulvaney's role as a man who hurts rather than protects consumers is working as intended.

What I mean to say is, we're great again.

  • muselet

    Mick Mulvaney was hired to protect banks from consumers (and, to the greatest degree possible, the rest of the federal government).

    I’m sure he goes to work every day with a spring in his step and whistling a happy tune, because he genuinely believes in what he’s doing.

    –alopecia

    • Scopedog

      Exactly. Prick Mulvaney is doing exactly what he was supposed to do–fuck up the CFPB, because that’s the general plan of the Trump gang and the GOP–screw up the works.

  • Draxiar

    I hope Elizabeth Warren trips him down the steps to the Capitol Building.

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