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Former CFPB Chief Technologist Tells Court Agency Cuts Put Data at Risk

  • Former Consumer Financial Protection Bureau (CFPB) Chief Technologist Erie Meyer filed court documents expressing concern about the cancellation of cybersecurity contracts at the agency, potentially putting sensitive data at risk.
  • The CFPB has canceled 32 cybersecurity contracts as part of recent cutbacks, risking the availability of crucial data used to identify consumer fraud victims, provide relief, track financial information, and stabilize financial markets.
  • Erie Meyer's filing was included in a lawsuit by the National Treasury Employees Union (NTEU), which is related to the firing of CFPB employees and alleges plans to wind down the agency and retain only five statutorily mandated positions.
  • The NTEU argues that a CFPB shutdown would violate the separation of powers, as the agency was created by Congress.

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