Wednesday, July 3, 2013

Dodd-Frank Strikes Again

We haven't really ventured into the realm of the Obama Administration's surveillance of the American people.  Just about every other blog wrote about it, so most of the information is out there.   The short of it is that the Obama Administration has taken everything George Bush did under authorization of the Patriot Act and expanded it exponentially.  Whatever you thought about the Bush Administration's spying, the Obama Administration has done far more of it.

One area, the use of consumer data, has not been covered widely so we decided it was worth talking about.

Judicial Watch announced last week that they have obtained documents through a Freedom of Information Act request that demonstrate that the Obama Administration has used the Consumer Financial Protection Bureau to gather information on how Americans spend their money.

What's the Consumer Financial Protection Bureau (CFPB)?  The CFPB was created by Dodd-Frank.  According to their website, they are charged with making "markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products."

What the CFPB is doing is spending millions of dollars to track what you are buying with your credit cards and as usual under the Obama Administration, without a warrant.  How is this consistent with their mission?  Your guess is as good as ours.

U.S. Senator Pat Toomey sits on the Senate Banking, Housing, and Urban Affairs Committee, which has jurisdiction over this issue.

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