This story appeared in Bank Digest.
Senator David Perdue (R-Ga) sent a letter to Consumer Financial Protection Bureau Acting Director Mick Mulvaney requesting that he provide Senate Banking Committee members with a confidential briefing about the CFPB's data collection processes and recent security breaches. The request follows Mulvaney's April appearance before the committee regarding data collection by the CFPB and security breaches with respect to the data.
In the letter, Perdue said, "Because your predecessor failed to report security breaches and stymied Congress' attempts to understand more about the CFPB's data collection process, little is known about the CFPB's consumer data operation. In your testimony, you said you didn't realize the agency was storing consumer data in third party servers until you took over as the acting director, and that you have discovered 240 'lapses' and nearly 800 potential 'lapses.'"
Perdue said he understood that the information he was seeking was "too sensitive to discuss in a public setting" and that he was requesting that Mulvaney "brief Congress in a confidential setting about these security breaches, data collection, and data security."