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Public shaming likely but GOP wary of new laws after Equifax breach

Posted on September 24, 2017 by Dissent

AP reports what I’ve basically been telling everyone already.

Prospects are good for a public shaming in the Equifax data breach, but it’s unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million Americans.

Since early this year, President Donald Trump and the Republican-led Congress have strived to curb government’s influence on businesses, arguing that regulations stifle economic growth. Lawmakers have repealed more than a dozen Obama-era rules and the House voted in June to roll back much of Dodd-Frank, the landmark banking law created after the 2008 economic crisis that was designed to prevent future meltdowns.

Read more on KPC News.

Related posts:

  • Equifax Reaches $1.4 Billion Data Breach Settlement in Consumer Class Action; Also Agrees to Pay $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach
  • Equifax data breach aftermath: lawsuits and criticism mount, stock prices plummet (Updates)
  • Credit reporting firm Equifax says data breach could potentially affect 143 million US consumers
  • Hacked Equifax data up for sale?
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