05.25.18

Senator David Perdue Requests Confidential Briefing On CFPB Server Hacks

Nearly 1,000 security breaches went unreported by previous CFPB Director

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA), a member of the Senate Banking Committee, is requesting a confidential briefing from Consumer Financial Protection Bureau Director Mick Mulvaney about hundreds of security hacks into the agency’s servers, which store millions of records on consumer financial data.

“Because your predecessor failed to report security breaches and stymied Congress’ attempts to understand more about the CFPB’s data collection process, little is known about the CFPB’s consumer data operation,” said Senator Perdue. “In your testimony, you said you didn’t realize the agency was storing consumer data in third party servers until you took over as the acting director, and that you have discovered 240 ‘lapses’ and nearly 800 potential ‘lapses.’”

“We both agree that Americans should know more about data the government is collecting on them, especially if this information has been hacked. I understand this information is too sensitive to discuss in a public setting, therefore, I request you brief Congress in a confidential setting about these security breaches, data collection, and data security,” Perdue said in his request.

This request for a confidential briefing is a continuation of Senator Perdue’s CFPB oversight efforts to shine light on this overreaching agency. Senator Perdue has:

  • Introduced a budget amendment to rein in the CFPB. 
  • Introduced legislation to make the CFPB accountable to the American people.
  • Introduced legislation to prevent the CFPB from implementing the Prepaid Card Rule.
  • Introduced the CFPB Accountability Act of 2017.
  • Outlined the need for Congressional oversight of the CFPB.
  • Published an op-ed in Forbes on why the Prepaid Card Rule is bad for consumers.

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.