GOP Sen. Ramps Up Challenge To CFPB's Data Collection

Law360, New York (August 8, 2013, 9:44 PM EDT) -- Sen. Mike Crapo, R-Idaho, on Wednesday stepped up his efforts to pressure the Consumer Financial Protection Bureau to rein in its data collection practices, announcing plans to hold an event with consumer advocates next week to formally air their privacy concerns.

Crapo, the ranking Republican on the Senate Banking Committee, first raised concerns over the bureau's collection of consumer spending data in July, when he asked the Government Accountability Office to probe whether the disputed practices violated the agency’s authority  and breached privacy rules.

While the...
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