Senator Questions New Financial Communications System that May Impact Compliance and Enforcement (with Lofchie YouTube Selection)

Senator Elizabeth Warren (D-Mass.) raised concerns about a newly developed communications tool for financial institutions that may impact compliance and enforcement. In a letter sent to financial regulators, including the FDIC, the CFTC, the SEC, the Department of Justice, the Consumer Financial Protection Bureau and FINRA, Senator Warren requested a briefing about a communications system created and described by Symphony Communications LLC, as a way to "prevent government spying," with "no backdoors" with a "guarantee that data deletion is permanent". She asked the federal regulators for information about the impact of this system on their ability to enforce the law and requested a briefing on this topic to take place no later than September 6, 2015.

Lofchie YouTube Selection: The Old Fashioned Ways.

See: Senator Warren's Request Letter to the CFPB for Information on Symphony Communications, LLC's New Communications Tool; Senator Warren's Press Release Announcing Letter (Links to her letters appear at the bottom of the press release).