House Democrats recently blamed the Trump administration’s efforts to rein in the Consumer Financial Protection Bureau for poor information security. But the agency was fully staffed during the Biden administration when a massive—and still unresolved—data breach occurred.
In February 2023, CFPB experienced a data breach that forwarded the confidential information of 256,000 consumers to a personal email address. The CFPB fired the staffer who emailed a spreadsheet with the names, transactions, and account numbers.
The breach may have contained customer information from more than 50 financial institutions.
Protecting data of consumers compromised in this breach is a separate issue from whether the CFPB should continue to exist in its current state, Rep. Pete Sessions, R-Texas, a member of the House Financial Services Committee, told The Daily Signal.
He said he intends to find out directly from the agency.
Join the conversation as a VIP Member