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New York wants NYDFS oversight of credit reporting agencies in wake of Equifax data breach

In the wake of its massive data breach that exposed the personal information of 143 million U.S. consumers to hackers, Equifax is already facing inquiries from the CFPB, the FTC, the HFSC, the SFC, the office of New York AGl Eric Schneiderman, and a lawsuit from the state of Massachusetts. While all those inquiries cover the breach itself, Equifax’s mistakes could lead to a significant new regulatory overhang for all of the credit reporting agencies.
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