Senator Crapo Asks GAO to Study Consumer Bureau Data Collection
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The U.S. Senate Banking Committee’s top Republican is asking the investigative arm of Congress to determine whether the Consumer Financial Protection Bureau is acting within its powers in a sweeping data collection effort.
Senator Mike Crapo, an Idaho Republican, made the request to the Government Accountability Office in a letter dated today in which he called for a study of the purpose, scope and use of the data sought by the bureau. He also asked the GAO to look at the legal authority for collecting the information, the security of the data and the cost of collecting the material.