CFPB Must Improve Enforcement Data Security, Report Says

Law360, New York (May 18, 2017, 4:02 PM EDT) -- The Consumer Financial Protection Bureau failed to restrict access to sensitive enforcement data by former employees who left the bureau or were reassigned, putting that information at risk, a watchdog report said Thursday.

The report from the Federal Reserve’s inspector general found that the CFPB’s enforcement division allowed 113 unique users to have access to databases in which there was confidential investigative information about companies that were subject to reviews by enforcement staff. Of those 113 users, 72 were still employed by the CFPB but did...
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