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House Subcommittee Grills CFPB Exec Over Confidential Data Collection

The American people have a right to know ...," panel chair tells bureau deputy director.

By Heather Anderson | Updated on July 10, 2013

Members of the House Financial Services Financial Institutions and Consumer Credit Subcommittee were visibly annoyed Tuesday during a hearing regarding the Consumer Financial Protection Bureau’s collection of confidential account information when the bureau’s witness was unable, or unwilling, to answer questions.

“The American people have a right to know how this government agency is collecting and using their personal financial data,” said Rep. Shelley Moore Capito (R-W.Va.), who chairs the subcommittee. “The CFPB has thus far declined to provide concrete answers to questions that have been asked in public forums.”

 

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