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Data transparency, a chief digital officer, Pentagon phishing and more - FCW.com

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Data transparency, a chief digital officer, Pentagon phishing and more

Rep. Darrell Issa (R-Calif.)

Issa readies financial data transparency bill

Rep. Darrell Issa (R-Calif.) plans to introduce a legislation that would require federal financial regulators to publish and store financial data in standardized, searchable formats.

The former House Oversight Committee chairman is cheekily calling the bill the MADOFF Transparency Act, in a nod to disgraced financier Bernie Madoff. The title is a loosely construed acronym for the Making All Data Open for Financial Transparency Act, and it puts the onus on the Treasury Department, the Securities and Exchange Commission, the Federal Reserve, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, the Commodities Futures Trading Commission, the National Credit Union Administration, the Federal Housing Finance Agency, and the Office of the Comptroller of the Currency to present any...(continued)

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