American Banker interviewed Manatt’s Richard Gottlieb, co-chair of the firm’s financial services group, for an article on the Consumer Financial Protection Bureau’s response to data security issues.
The publication reports the CFPB's data collection practices have recently become a point of contention between Acting CFPB Director Mick Mulvaney and Sen. Elizabeth Warren. In a January letter to Warren, Mulvaney wrote, "Breaches and redaction errors undermine consumer confidence in the bureau and its ability to safely handle consumer complaints."
Gottlieb said the spat between Mulvaney and Warren over data collection "may be as much about politics as it is about substance."
Read the article here.