Consumer watchdog agency collecting financial data on millions of Americans

From:  The Washington Post/Federal Eye

By Josh Hicks

The Consumer Financial Protection Bureau collects sensitive financial data on tens millions of Americans, and it needs to do more to protect the information, according to federal auditors.

The Government Accountability Office said in a report this week that the bureau gathered information on 75 million credit-card accounts, 10.7 million credit reports, 5.5 million student loans and a range of other financial products over the past two years.

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