Regulation is O.K. if big businesses impose it:

The Barbarian

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The Capitol Hill outrage over the massive Equifax data breach has returned, with Democrats suspicious that Republicans are delaying efforts to crack down on the credit reporting industry and secure consumer data.

The fresh outcry kicked off on Sunday, when Reuters reported that Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, had slowed the agency’s investigation into Equifax.

The 2017 breach exposed the sensitive information, including Social Security numbers, of 145.5 million Americans.

A group of 32 Senate Democrats responded to the Reuters report by demanding answers from the agency about the progress of its investigation.

The CFPB declined to comment on their letter...Schakowsky suggested that Republicans are dragging their feet in an attempt to appease the private sector.

“I think they're getting pressure from the companies that don't want to do anything more than what they've already been doing,” she said. “We have to stop pretending that this is just going to go away.”

http://thehill.com/policy/technology/373198-dem-call-for-more-action-on-equifax-hack
 
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