Public shaming likely but GOP wary of new laws after Equifax breach
AP reports what I’ve basically been telling everyone already.
Prospects are good for a public shaming in the Equifax data breach, but it’s unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million Americans.
Since early this year, President Donald Trump and the Republican-led Congress have strived to curb government’s influence on businesses, arguing that regulations stifle economic growth. Lawmakers have repealed more than a dozen Obama-era rules and the House voted in June to roll back much of Dodd-Frank, the landmark banking law created after the 2008 economic crisis that was designed to prevent future meltdowns.
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