Sen. Elizabeth Warren (D-Massachusetts) has written to the head of the Consumer Financial Protection Bureau questioning his decision to stop data collection. She is demanding answers.
On Dec. 4, CFPB Acting Director Mick Mulvaney announced that the collection of all personal information by the regulator would be frozen.
The move came after the Office of Inspector General for the Federal Reserve Board and CFPB issued a pair of reports about the CFPB’s information security controls.
Source: Mortgage Daily