WASHINGTON (Reuters) -President Donald Trump’s clampdown on the U.S. Consumer Financial Protection Bureau earlier this year has compounded IT security lapses at the agency through the cancellation of contracts, according to an audit report released on Monday.

The information security program at CFPB — which maintains sensitive and confidential data from investigations, the oversight of companies and complaints received from members of the public — is “not effective,” according to the Office of Inspector General, which also covers the Federal Reserve.

Representatives of the agency did not immediately respond to a request for comment. However, in a response to the report, CFPB management accepted its findings and proposed solutions which the report said would be adequate if implemented.

C

See Full Page