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FrankRep
06-30-2013, 11:40 AM
http://i39.tinypic.com/2wgd3dc.jpg (http://www.thenewamerican.com/usnews/constitution/item/15859-consumer-financial-protection-bureau-nsa-of-the-financial-world)



The Consumer Financial Protection Bureau has been vacuuming up data on Americans' financial transactions in direct violation of both the Constitution and the law that created the bureau.


Consumer Financial Protection Bureau: NSA of the Financial World (http://www.thenewamerican.com/usnews/constitution/item/15859-consumer-financial-protection-bureau-nsa-of-the-financial-world)


The New American (http://www.thenewamerican.com/)
30 June 2013


While the National Security Agency’s (NSA) unconstitutional spying on Americans’ communications has been getting most of the press lately, another federal agency has been quietly — and illegally — vacuuming up Americans’ financial data: the Consumer Financial Protection Bureau (CFPB).

Created by the 2010 Dodd-Frank Act, the CFPB has been operating for just under two years but has already managed to exceed its statutory authority, issuing demands for “huge quantities of data regarding individual consumers’ financial transactions on an ongoing, real-time basis,” according to a June 19 letter (http://www.centerforcapitalmarkets.com/wp-content/uploads/2010/04/2013-6-19-CFPB-letter-on-data-collection.pdf) to CFPB director Richard Cordray from David Hirschmann of the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness.
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Full Article:
http://www.thenewamerican.com/usnews/constitution/item/15859-consumer-financial-protection-bureau-nsa-of-the-financial-world

FrankRep
06-30-2013, 04:48 PM
important...

ClydeCoulter
06-30-2013, 05:02 PM
We need the "Sneaky Government Spying on All Citizens Act" that would essentially stop all of this crap. It needs to be named the opposite of what it is supposed to do, there I came up with the appropriate name for the act. /sarc

Or, we could just have an honest constitutional government.