Members of the House Financial Services Financial Institutionsand Consumer Credit Subcommittee were visibly annoyed Tuesdayduring a hearing regarding the Consumer Financial ProtectionBureau's collection of confidential account information when the bureau's witness wasunable, or unwilling, to answer questions.

“The American people have a right to know how this governmentagency is collecting and using their personal financial data,” saidRep. Shelley Moore Capito (R-W.Va.), who chairs thesubcommittee. “The CFPB has thus far declined to provideconcrete answers to questions that have been asked in publicforums.”

Rep. Sean Duffy (R-Wis.) put CFPB Acting Deputy DirectorSteve Antonakes in the hot seat when, after Antonakes haddenied the CFPB collects ZIP code information on consumer financialaccounts, Duffy produced a contract between the CFPB and creditreporting firm Experian that specifies the bureau does, infact, collect the information.

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