Judicial Watch Obtains Records Detailing Obama Administration’s Warrantless Collection of Citizens’ Personal Financial Data

Judicial Watch - “There is a lack of oversight of this agency by Congress, there is a lack of interest in the problem by the media class in Washington, D.C., and there is real damage being done to the privacy of the American people.”

That’s what I said during a Boise, Idaho, press conference held this week jointly with Idaho Senators Mike Crapo and Jim Risch. The purpose of the event was to “sound an alarm” about suspicious and shocking activities inside the Consumer Financial Protection Bureau (CFPB), an agency created by the Dodd-Frank Wall Street reform monstrosity.  The press conference was hosted by Sen. Crapo, who has shown admirable leadership on this issue from his perch as ranking minority member of the Senate Banking, Housing, Urban Affairs Committee.  Also joining us at the event was Idaho State Attorney General Lawrence Wasden, and John Zarian, a private attorney who has made a cause of protecting the privacy of American’s financial data. 

And what kind of suspicious and shocking activities are we talking about here?
Senator Crapo put it bluntly: “The agency is seeking to collect data about our mortgage, credit card and student loan transactions. About 80 percent of our financial transactions are being monitored and I frankly think it will soon expand to 100 percent.”   More   PTG