This story appeared in Bank Digest.
Representative Barry Loudermilk (R-Ga) and several other Congress members have written a letter to Consumer Financial Protection Bureau Director Richard Cordray expressing serious concerns about the bureau's mass collection of sensitive, personally identifiable information on American citizens. The Congress members urged the bureau to stop collecting any sensitive consumer data until all relevant cybersecurity improvements have been implemented if it cannot confirm that all the sensitive data it is collecting is secure while it is implementing those recommendations.
The Congress members asked for answers to a number of questions on the bureau's data collection and cybersecurity measures.
In a statement, Loudermilk said, "At a time when many agencies are targets of foreign and domestic hackers, it is very troubling to learn that the CFPB has started yet another data collection program, which can include people's social media posts, utility payments, and other private information. The very agency that claims to protect consumers is actually putting millions at risk by collecting sensitive data that would result in significant harm to consumers if compromised."