this is another massive, centralized government database that is going to be hacked.
Editor's note · Context
Foster warns about the risks of a centralized government database.
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FSOC's comprehensive view of the financial system is critical because systemic risks rarely develop in ways that fall entirely within the jurisdiction of a single agency.
Since we passed the Dodd-Frank Act that created the CFPB back in 2010, the CFPB has effectively fulfilled its mission to protect consumers from unfair, deceptive, and abusive practices in financial markets, despite coming under continual attack.
the CFPB has effectively fulfilled its mission to protect consumers from unfair, deceptive, and abusive practices in financial markets.
Yes. Do any of our other witnesses have any comments on this area, the utility of a national standard for a secure digital ID provided by States?





