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CFPB's data-mining on consumer credit cards challenged in heated House hearing

Erod

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CFPB's data-mining on consumer credit cards challenged in heated House hearing | WashingtonExaminer.com

Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year — up to 42 billion transactions – through a controversial data-mining program, according to documents obtained by the Washington Examiner.
A CFPB strategic planning document for fiscal years 2013-17 describes the “markets monitoring” program through which officials aim to monitor 80 percent of all credit card transactions in 2013.

As this administration continues to wipe its ass with the Constitution......
 
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