CFPB Data Breach – Ex-Employee Steals Personal Information of 250,000 Consumers
1 min read
Written By
Kelly Uebel
Published
Apr 25, 2023
The Consumer Financial Protection Bureau (CFPB) is “dedicated to making sure [consumers] are treated fairly by banks, lenders and other financial institutions.” Unfortunately, that mission suffered a major blow when a massive data breach came to light.
As reported on by Politico, The Hill, and several media outlets, a CFPB employee sent the personal information, including names and financial account numbers, of over 250,000 consumers to a personal email account. This employee has since been terminated. Interestingly, the CFPB discovered the issue on February 14 but did not report the incident until just recently.
The blowback against the agency has been swift. Senator Tim Scott, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, has requested a briefing with CFPB Director Rohit Chopra to understand additional details about the breach including remediation steps and data privacy practices. Representative Bill Huizenga also requested a briefing on the matter.
You might also like
New York Bans Use of Credit Reports in Employment Decisions
New York recently passed S3072, which bans the use of credit reports in most employment decisions. The law will take effect April 18, 2026.
Delaware County, PA Enacts Antidiscrimination Ordinance
Delaware County, Pennsylvania became the latest county in the Keystone State to enact a county-level antidiscrimination ordinance.
Illinois Passes Clean Slate Act
Illinois Clean Slate Act recently passed and is awaiting Governor Pritzker’s signature. If no action is taken to either sign or veto by December 29th, it will become law.