Equifax, Wells chiefs face angry lawmakers
Former Equifax CEO blames one employee’s mistake for the massive hack; Warren calls Sloan “incompetent” and says he should be fired. ... Read full article
News Topic: Cyber security
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As ex-Equifax CEO testifies, all credit bureaus are on trial
Richard Smith came to Capitol Hill this week to speak about the massive breach at Equifax, but it was clear Tuesday that he will be defending the entire credit reporting industry. ... Read full article
Fed’s Powell says U.S. bank capital is 'about right'
Federal Reserve Gov. Jerome Powell said capital levels have been well calibrated but that some changes to the capital rules may be in order to make compliance easier. ... Read full article
Smith, Sloan head to the Hill; Bitcoin gets love
Former Equifax CEO and Wells Fargo chief both expected to issue mea culpas to Congress; Goldman apparently likes digital currency. ... Read full article