IRS chief Frank Bisignano dismisses JPMorgan spying report: 'This is bad journalism'

Summary

Frank Bisignano, now IRS commissioner and SSA commissioner, joins CNBC to categorically deny a Wall Street Journal report that he directed surveillance on colleagues while at JPMorgan. He defends his record, cites JPMorgan's denial, and frames the article as politically motivated bad journalism. The interview also touches on his commitment to protecting sensitive data in his current government roles.

• Bisignano calls the WSJ story 'bad journalism for political reasons' and says none of the allegations are true.
• He points out no named sources and JPMorgan's denial of the events.
• He highlights his long public record, including roles in the mortgage settlement and London Whale response.
• He says former colleagues like Charlie Scharf and Mike Cavanaugh remain friends and laughed off the report.
• The discussion turns to his current duties at Social Security and IRS, emphasizing cybersecurity and protection of personally identifiable information.
• He states a chief risk officer has been created and control environments improved at the agencies.