The current title is misleading. It's not yet clear what effects the new rule would have had on Equifax, and in any case it would've applied to a lot more companies than just Equifax.<p>Better source (and title): "Consumer Bureau Loses Fight to Allow More Class-Action Suits" <a href="https://www.nytimes.com/2017/10/24/business/senate-vote-wall-street-regulation.html" rel="nofollow">https://www.nytimes.com/2017/10/24/business/senate-vote-wall...</a>
Sadly, this is the way many federal laws come to be. Agencies and Bureaus in the executive branch propose rules(laws) and if congress doesn't specifically vote them down, they become federal statutes.<p>I'm glad to see congress actually exercising it's oversight instead of letting the executive branch run so much of everything.<p>But, I wish it hadn't exercised it's oversight on this specific matter.