“The Obama administration’s warrantless collection of the private financial information of millions of Americans is mind-blowing. Is there anything that this administration thinks it can’t do? These documents show that the Consumer Financial Protection Board is an out-of-control government agency that threatens the fundamental privacy and financial security of Americans. This is every bit as serious as the controversy over the NSA’s activities.” "The Consumer Financial Protection Bureau has revealed that the organization has spent millions of dollars on the “warrantless” collection, analysis and distribution of the financial transactions of private American citizens. The CFPB contractors are required to provide this information with government agencies such as the FBI, DHS, NSA and IRS. Judicial Watch, in April of 2013, learned: “An “indefinite delivery, indefinite quantity” contract with Experian worth up to $8,426,650 to track daily consumer habits of select individuals without their awareness or consent... A stipulation that “The Contractor may be required to share credit card data collected from the Banks with additional government entities as directed by the Contracting Officer’s Representative (COR).” ".. the US Chamber of Commerce has accused the CFPB of breaking the law by demanding the account-level data without a warrant or National Security Letter. And still nothing has been done and no criminal or corporate official will ever take the perp walk for these crimes against Americans. NOTHING you do financially is private. Government is aware of your every move, indexes the information and likely creates a personal matrix of your financial habits... the CFPB is controlled by the Federal Reserve Board and as a result has no public oversight. The net effect is that your emails, phone calls, fax transmissions, travel habits (as tracked by your cell phone), your medical records and now your investment, spending and savings habits are public record. And this is only the tip of the iceberg." D. Hodges
Posted on: Mon, 01 Jul 2013 14:38:20 +0000
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