FTC starts Equifax probe; CFPB blesses alternative credit data
Agency confirms it’s investigating the credit bureau; regulator gives green light to Upstart Network to use cellphone payments, etc., to underwrite loans. ... Read full article
News Topic: Hacking
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Lawsuits against Equifax pile up; bitcoin price dives
More than 100 suits have been filed since the company revealed the massive data breach last week; price of digital currency is down 25% since hitting a record high a week ago. ... Read full article
Cagney leaves SoFi; Equifax lobbied for breaks before breach
Online lender’s co-founder says “negative press” from lawsuits has become a “distraction”; company sought lighter regulation and limited legal liability for credit bureaus. ... Read full article
Equifax data breach has major FinReg consequences
The loss of 143 million consumers' personal data may prompt a regulatory backlash. ... Read full article
Equifax hack sparks probes; mobile apps keep Houston banking
The FBI and at least two states are looking into the data breach; Harvey shut lots of banks, but mobile banking apps keep customers operating. ... Read full article
NSA hacks into SWIFT; Wells board faces the voters
Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting. ... Read full article
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