CONSUMER PROTECTION/CYBERWAR/MICK MULVANEY: “The Trump administration’s interim director of the Consumer Financial Protection Bureau said he has frozen the agency’s collection of personal information due to cybersecurity concerns, a step in changing policies criticized by the financial industry.
Mick Mulvaney, who is splitting his time as acting CFPB director and the White House’s budget chief, on Monday said the decision is part of his effort to improve the agency’s data-security program. The longtime critic of the CFPB was appointed as its acting director by President Donald Trump on Nov. 24, succeeding Richard Cordray, an Obama appointee who left after a six-year tenure at its helm…
The interim chief said his attention to data security at the CFPB was driven by two reports issued earlier this year by the agency’s internal inspector general. One report urged the agency to tighten employee access to sensitive information gained through investigative activities, saying a number of employees have access to data even though they don’t need it.”
-Yuka Hayashi, “New CFPB Chief Curbs Data Collection, Citing Cybersecurity Worries,” The Wall Street Journal online, Dec. 4, 2017 06:22pm