REGULATION · US
CFPB ordered to secure hardware from vacated offices after inspector general warning
US Federal Reserve's Office of Inspector General issued a report flagging unsecured IT assets left at CFPB regional offices vacated in early 2025. The OIG recommended asset recovery; CFPB subsequently cleared hardware. Signals lax physical security controls at federal financial regulator.
WHY IT MATTERS
Underscores asset management gaps even at federal agencies. If CFPB—which regulates consumer finance—lapses on physical security, it weakens enforcement credibility around cybersecurity standards it imposes on fintech and banks.
Source: PYMNTS · 2026-10-02