Monday, January 15, 2018

Even More Shrill Fauxcahontas

This woman has a mania about collecting personal data.

...Sen. Elizabeth Warren, D-Mass., who conceived the idea of the consumer agency, which critics say has too much and often undefined power, strongly objected to the agency’s temporary halt in data collection just last week.

“CFPB cannot fulfill its core functions without collecting personally identifiable information,” Warren wrote in a Jan. 4 letter to top CFPB officials....

That is true.  However, CFPB's databanks are not secure.

[Acting Director] Mulvaney announced plans to halt personal data collection after an inspector general’s report warned of cybersecurity problems with the agency.

“I think we should find ways to have as rigorous a data security program as possible here before we start expecting that from people who we oversee out in the industry,” Mulvaney told reporters at the time....

Not only does CFPB have data security problems.  It also has a helluvalot of data--and it seems to be collecting such data without good reason.

...a Government Accountability Office report from September 2014 noted serious concerns about the privacy and security of the consumers whose data are being collected by the CFPB.

The GAO found the CFPB was collecting more information than was necessary for its regulatory mission, from 87 percent of the credit card market. It further said the agency’s 12 mass data collections had information on 173 million loans....

The Shrill Senator-ette likes YOUR data to be in HER data bank.  Comfortable with that?

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