-- as she fleshes out a presidential campaign defined by themes of consumer protection and stronger government oversight.Warren and Rep. Elijah Cummings have released a report from a government watchdog looking at the security practices of the consumer credit reporting agencies, or CRAs, finding that their defenses are inadequate and calling for expanded government authority to police the sector.
"The Equifax breach revealed major gaps in how CRAs protect and use consumers' private information, and the report we released today confirms that vulnerabilities still exist," Warren and Cummings said in a statement.The Federal Trade Commission, the nation's principal consumer protection agency, is hamstrung in its ability to police the industry, the Government Accountability Office found.
Additionally, the report notes that the Consumer Financial Protection Bureau, an agency created following the Wall Street collapse and derived largely from a blueprint developed by Warren, has a role in overseeing CRAs. But the CFPB isn't always able to identify the firms that come under its jurisdiction, the GAO found.
Anyone notice how Ms. Warren personifies non-stop legislative action?
EmmaVigeland America has no idea how badly this is needed.
Too much government authority is a lot of the problem with this country now.
Sounds like a crack down is coming,what do you think?
Take care of your consumers, you take care of your economy.
And the warden to the prison is going to give the inmates the keys.
No stop this