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Consumer bureau data-mining hundreds of millions of consumer credit card accounts, mortgages
Washington Examiner ^
| 29 January 2014
| Richard Pollock
Posted on 01/29/2014 10:15:43 AM PST by Errant
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"The NSA does not ask Americans' permission to collect their phone records and emails and texts. The CFPB does not ask permission to collect information on America's financial consumers
The mortgage information is being compiled in a database that can be "reversed engineered" by hackers seeking information for identify theft, according to an expert cited during the hearing.
The revelations came in a hearing of the House Financial Services Committee, during which CFPB Director Richard Cordray was repeatedly pressed about federal officials rummaging around in the private financial affairs of millions of Americans."
1
posted on
01/29/2014 10:15:43 AM PST
by
Errant
To: All
an estimated 991 million American credit card accounts Just HOW many credit cards do you people have???
2
posted on
01/29/2014 10:17:49 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant
No credit cards, no mortgage, no bank accounts. I must not exist.
/johnny
To: Errant
Just HOW many credit cards do you people have???991 million.
4
posted on
01/29/2014 10:19:50 AM PST
by
houeto
(https://secure.freerepublic.com/donate/)
To: Errant
5
posted on
01/29/2014 10:21:09 AM PST
by
Paladin2
To: Errant
Totally unconstitutional!! Fascism!! Tyranny!! Stalin would be proud of his little Marxist bro.
6
posted on
01/29/2014 10:22:47 AM PST
by
Jim Robinson
(Resistance to tyrants is obedience to God!!)
To: Errant; COUNTrecount; Nowhere Man; FightThePower!; C. Edmund Wright; jacob allen; Travis McGee; ...
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
7
posted on
01/29/2014 10:29:21 AM PST
by
null and void
(<--- unwilling cattle-car passenger on the bullet train to serfdom)
To: Errant
Congress' powers to oversee the CFPB are limited. The federal Dodd-Frank Act that created the bureau requires that the Senate confirm its directors, such as Cordray, and that the director testify before Congress twice a year, but Congress' authority stops there. The bureau is part of the Federal Reserve, for which Congress similarly confirms top officers but has no direct oversight. Cordray's nomination to the CFPB director's post was confirmed by the Senate last year. That pretty much tells you what the real goal here is.
How many of our worthless, traitorous Republicans voted for the POS law that created this? As far as "little oversight" goes, they passed the law, they can repeal it and/or defund the agency. Just like ObamaCare. Oh, well never mind then.
Republicans have your back all right. Problem is, they are inserting a knife in it.
8
posted on
01/29/2014 10:35:06 AM PST
by
ChildOfThe60s
((If you can remember the 60s.....you weren't really there)
To: Errant
Missing from these reports is a REASON for the data collection.
Does anyone know the purported excuse for this?
9
posted on
01/29/2014 10:35:40 AM PST
by
Jewbacca
(The residents of Iroquois territory may not determine whether Jews may live in Jerusalem)
To: Errant
Well I have four, myself. Same for the wife. So eight in the household and not a carry over balance on any of them.
To: Errant
Then foreign faceless donors could make donations to Dems under fake names using your credit card.
win/win for rats.
11
posted on
01/29/2014 10:37:18 AM PST
by
TurboZamboni
(Marx smelled bad and lived with his parents .)
To: null and void
12
posted on
01/29/2014 10:40:42 AM PST
by
Nifster
To: Errant
Now we know who really hacked Target.
13
posted on
01/29/2014 10:40:55 AM PST
by
bgill
To: Jewbacca
14
posted on
01/29/2014 10:46:15 AM PST
by
silverleaf
(Age takes a toll: Please have exact change)
To: JRandomFreeper
I must not exist. Smart. I just have one and of course a bank account that goes with it - no mortgage though, thankfully.
15
posted on
01/29/2014 10:54:34 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: bgill
Yep, no telling who all they’ve got working on this big of a project as contractors. We’re doomed...
16
posted on
01/29/2014 10:56:24 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Jewbacca
Just the fed gov balancing there checkbook.
17
posted on
01/29/2014 10:58:34 AM PST
by
justrepublican
(Screaming like a "Vexatious requester" at a Wellstone memorial...........)
To: Jim Robinson
Paypal donation on the way. ;) You ever plan on taking Btc?
18
posted on
01/29/2014 10:59:31 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: justrepublican
Just the fed gov balancing there checkbook. With this information, O could charge every account if he wished.
19
posted on
01/29/2014 11:03:55 AM PST
by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Errant; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ALlRightAllTheTime; ..
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