Consumer Financial Protection Bureau Does Anything but Protect
24th April 2023
Elizabeth Warren’s baby has grown into a deformed mutant.
The recent security breach at the Consumer Financial Protection Bureau shows the problems with the administrative state, but the threat that the CFPB and similar bureaucracies pose to consumers runs much deeper.
The Consumer Financial Protection Bureau, created under President Barack Obama in 2010 to regulate consumer affairs, reported to lawmakers March 21 that a staffer had forwarded the confidential financial information of 256, 000 consumers to his personal email address.
This astounding data breach also implicated confidential supervisory information from 45 different financial institutions.
No government employee is to be trusted with your confidential information.