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CFPB Promises Answers, Fails to Deliver
Washington,
September 12, 2013 -
Consumer Financial Protection Bureau Deputy Director Steve Antonakes appeared before the Subcommittee on Financial Institutions and Consumer Credit in July to discuss the CFPB’s data collection efforts. Below are just a few of the simple questions Mr. Antonakes was unprepared to answer:
- How much data is the CFPB collecting and from how many individual consumers?
- Does the CFPB have agreements with any foreign countries to provide them access to Americans' financial data?
- How many third-parties have access to the CFPB's data?
- Is CFPB data searchable by personally identifiable information?
- Has the CFPB conducted a privacy impact assessment on the data they collect?
- How many people have access to the CFPB's consumer complaint database?
At today's hearing on the CFPB's Semi-Annual Report, Chairman Hensarling played the above video of Mr. Antonakes's repeated offers to respond to those and other important questions for Director Richard Cordray.
We're still waiting on the answers.
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