"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
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
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: Errant
Now we know who really hacked Target.
13 posted on
01/29/2014 10:40:55 AM PST by
bgill
To: Errant; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ALlRightAllTheTime; ..
To: Errant
They are trying to connect the dots to find circumstantial evidence of race/gender discrimination. Then they are gonna go after these banks with a sledgehammer.
To: Errant
No Suprise. I notice on my grocery receipt,you know, the coupons you get with the receipt? They always contain things I like and use. Same with Facebook, the pop up adds are like the purchases I made the week before. Its like the NSA for consumers. They know every thing about you!
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson