From: American Banker
By Kate Berry
A report Monday indicating that the Consumer Financial Protection Bureau is pulling back from a “full-scale probe” of Equifax led to wide-ranging Democratic criticism of the CFPB and revived scrutiny of the credit bureaus.
But it is unclear whether the CFPB is abandoning its supervisory oversight of Equifax or just taking a back seat to the Federal Trade Commission as the latter investigates the credit bureau over its massive data breach last year.
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