Former CFPB official warns 12 years of critical records at risk [View all]

Source: Axios

Emily Peck

The former chief technologist at the Consumer Financial Protection Bureau warns that twelve years of critical records could be "irretrievably lost" in the DOGE purge of the agency, per an affidavit filed in federal court Friday.

Why it matters: The stability of the financial system is at stake, claims Erie Meyer, who served in that position at the agency until last week.

• The data at risk includes consumer complaints and personal information, as well as data with details about big banks and other firms, including fintechs.


• "Based on my experience and expertise," the document says, "I believe that the deletion of the CFPB's databases and contracts would cause irreversible damage, not only to the Bureau's mission but also to consumer protection and the financial system as a whole. “