Top Democrat Urges Regulators to Punish Equifax; Here’s Why
Equifax Inc. (NYSE: EFX) is in trouble as Maxine Waters, a California Democrat, strongly urged the Consumer Financial Protection Bureau (CFPB) to hold "Equifax and its leadership accountable" for the issuance of wrong credit scores to millions of customers from mid-March to early April. Based in Georgia, the $26.9-billion company provides human resources, business process outsourcing, and information solutions services to its customers, including consumers, businesses, and governments. According to a Wall Street Journal report, the Chairwoman of the House Financial Services Committee wants CFPB to take "more robust enforcement action" versus fines against the consumer credit reporting agency. The U.S.
Top Democrat Urges Regulators to Punish Equifax; Here’s Why
Equifax Inc. (NYSE: EFX) is in trouble as Maxine Waters, a California Democrat, strongly urged the Consumer Financial Protection Bureau (CFPB) to hold "Equifax and its leadership accountable" for the issuance of wrong credit scores to millions of customers from mid-March to early April. Based in Georgia, the $26.9-billion company provides human resources, business process outsourcing, and information solutions services to its customers, including consumers, businesses, and governments. According to a Wall Street Journal report, the Chairwoman of the House Financial Services Committee wants CFPB to take "more robust enforcement action" versus fines against the consumer credit reporting agency. The U.S.