Consumer Financial Protection Bureau Acting Director Mick Mulvaney has drawn back the agency's full-scale investigation on Equifax Inc.'s massive cybersecurity breach that happened in September 2017, Reuters reported Feb. 5, citing "people familiar with the matter."
Mulvaney's predecessor, Richard Cordray, authorized the investigation on the breach that affected around 145.5 million U.S. customers, the report added. Cordray resigned from the position in November 2017.
Reuters sources said Mulvaney has not ordered any subpoenas against Equifax, nor sought sworn testimony from its executives. The agency has also shelved plans for testing Equifax's process in protecting data, as well as turned down assistance from the Federal Reserve, the Federal Deposit Insurance Corp., and Office of the Comptroller of the Currency when they offered to help in the investigation.
A spokesperson told Reuters the CFPB cannot acknowledge an open investigation.
