If CFPB found a financial institution had suffered a data breach of a similar magnitude, the fines and fees would be astronomical.
Topic: Equifax
consumer credit reporting agency
Save for the rare instances where high start-up costs or other extreme barriers to entry are present or the potential customer base is extremely limited, most economists agree: Monopolies are bad for consumers. This thinking, now more than a century old, gave rise to the adoption of increasingly more comprehensive laws giving the federal government […]