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Treasury’s Mnuchin Says He Wants Answers on Equifax Breach - ABI

U.S. Treasury Secretary Steven Mnuchin said yesterday that he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc. after a report that the agency’s chief has pulled back from investigating the matter, Reuters reported. Equifax disclosed in September that hackers had stolen personal data it had collected on some 143 million Americans. On Monday, Reuters reported that the acting chief of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, had put the brakes on the agency’s Equifax investigation. “I haven’t spoken to Director Mulvaney about it but I will,” Mnuchin told the House of Representatives Financial Services Committee. “It is something I am going to discuss with him.” The CFPB said yesterday that it was examining the Equifax breach but declined to give details.

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