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Thread: Consumer Financial Protection Bureau data-mining credit card transactions

  1. #1
    Regular Member
    Join Date
    Feb 2013
    Thru Death's Door in Wisconsin

    Consumer Financial Protection Bureau data-mining credit card transactions

    "The Dodd-Frank Act, which established CFPB, bars the bureau from collecting personally identifiable financial information on consumers and prohibits it from regulating practicing attorneys. Bachus said Cordray “exceeded his authority” and violated both provisions if he tried to use the trustee program to obtain files from a company that maintains a document archive for thousands of bankruptcy case attorneys. “He [Cordray] basically said to me, ‘We needed to do this. This was something we thought we ought to do.’ He never said, ‘OK, it probably violates two provisions of the law,’ a very clear 'Do not do this,' ” Bachus said.

    Bachus said CFPB may also have violated the Fourth Amendment, which entitles Americans to be free from government interference or intrusion in dealing with their legal representation."
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  2. #2
    Regular Member
    Join Date
    Aug 2013
    I have always said if you want to reduce government and shrink government use CASH ONLY. Your taxes will be far less and the government will know far less about you.

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