It is unfortunate that the three CEOs for the major credit reporting agencies rejected the opportunity to discuss their business model and what actions Congress should consider in the wake of the Equifax data breach to better oversee the use of consumer data.
Waters criticizes credit agency CEOs for not engaging with Congress post-Equifax breach.
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Capital is not something that is locked away, but, rather, it is a source of funds that banks can redeploy.
I am pleased that the CFPB is finally taking action to oversee these companies.
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