Bloomberg View: How the Consumers Bureau should respond to the Equifax breach
In the worst possible way, the monumental data breach at Equifax -- involving the names, addresses and social security numbers of some 143 million people -- draws attention to a long-neglected gap in the U.S. system of financial oversight. The Consumer Financial Protection Bureau ought to take the lead in putting this right.The three big U.S. credit reporting companies -- Equifax, Experian and TransUnion -- have an unusual combination of power and lack of accountability. They dominate the busine
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