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Topics: CFPB

How long will it be until federal database with 227 million Americans' financial data is hacked?

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Beltway Confidential,Opinion,Mark Tapscott,Morning Examiner,Social Security,CFPB,Computer hacking,Privacy,FHFA

Normer National Security Agency contractor Edward Snowden's revelations about government recording data about cellphone calls caused a sensation around the world.

But two federal agencies created in the wake of the Great Recession of 2008 are quietly assembling a national database that could routinely be the scene for more egregious invasions of privacy on 227 million Americans.

The agencies are the Consumer Financial Protection Bureau and the Federal Housing Finance Agency, according to the Washington Examiner's Richard Pollock in a story posted today.

SSNs, credit history, etc.

The National Mortgage Database will include Social Security numbers, credit card accounts, even your entire credit history.

All of that information and more will be available to thousands of federal bureaucrats. An estimated 95 percent of all single-family home mortgages taken out since 1998 will be included in the database.

It will also include, Pollock reports, individuals' "delinquent payments, late payments, minimum payments, high account balances and credit scores."

How long till it's hacked?

Security is a major concern for House Financial Services Committee Chairman Jeb Hensarling of Texas and Senate Banking, Finance and House Committee ranking minority member Mike Crapo of Idaho.

They note the many hacking incidents in recent years in which federal IT systems were compromised. There is also concern about the frequency with which thoughtless bureaucrats have lost computer files containing sensitive information like Social Security numbers.

Rep. Randy Neugebauer, R-Texas, told Pollock that "if someone were to breach that system, they could very easily steal somebody’s identity."

On today's washingtonexaminer.com

Editorial: Lousy at governance, Obama sticks with partisan rhetoric.

Examiner Magazine/Michael Barone: Why even Reagan couldn't be Reagan today.

Columnist/Shika Dalmia: Obama plan to rate colleges won't produce accountability.

Columnist/Philip Klein: Pharmaceutical industry haunted by support for government-run health care.

Columnist/Byron York: Midterms nearing, GOP still searching for agenda.

Op-ed/Rep. Andy Harris: It's time to give vets a private-health care voucher.

Op-ed/James S. Robbins: Obama's West Point speech exposes his foreign policy failures.

Beltway Confidential/Blake Seitz: Florida Democrat says "not one single complaint" in her state about VA.

PennAve/Susan Crabtree: White House confirms off-schedule Obama/Hillary lunch.

Legal Newsline/Kyla Asbury: NFL says plaintiff never bought Super Bowl tickets, can't file class-action lawsuit over them.

In other news

The Washington Post: U.S., Snowden clash over his email.

CBS News: VA whistleblower says simple computer trick enabled secret waiting list.

USA Today: Chuck Hagel to raise China disputes in meeting.

Righty Playbook

Daily Caller: Marine intervenes in robbery, shoots robber.

Washington Free Beacon: Experts concerned environmentalism creeping into federal food policy.

The American Spectator: UKIP's populism and ours.

Bonus must-read

The Federalist: Life isn't a zero-sum game.

Lefty Playbook

New Republic: Vulnerable Dems want Shinseki out.

The American Prospect: Reparations and the subprime meltdown in the Obama era.

The Daily Beast: Iran hackers using "John R. Bolton" to hack foes.

Bonus must-read

Mother Jones: Silicon Valley firms even whiter than you thought.

Blog Right

Yid With Lid: Even the UN doesn't claim global warming causes extreme weather.

Hit & Run: When will millennials realize a college degree isn't enough?

Tax-Prof Blog: Correlation doesn't mean causation.

Blog Left

Talking Points Memo: Why Congress gets nothing done.

Pandagon: Women vs. women and the ugly side of feminism.

Slate: Should Hillary launch her campaign with a book release?

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