Nosier Than The #NSA? Shadowy Bureau May Have Your Credit Card Info

Posted: June 3, 2015 in Economics

moneyThe Consumer Financial Protection Bureau, CFPB, unlike the NSA, operates with no congressional oversight and with little public transparency, even as it demands complete transparency from the businesses it targets.

Wise is senior adviser to the U.S. Consumer Coalition, a free-market consumer rights advocate. The coalition has documented hundreds of cases of abuse by Operation Choke Point,  an Obama initiative overseen by the Consumer Financial Protection Bureau that targets merchants, such as gun dealers and payday lenders, who don’t fit into the administration’s idea of what an American business should be.

“Literally, this agency can investigate, can enforce, and can make the judgment against any individual company or individual citizen that they say is violating the law,” Wise told this week as the U.S. Senate passed a bill to scale back the NSA’s sweeping surveillance of American phone records. President Obama signed the bill into law a few hours later.

“These are threats (to consumers and businesses) that have been well thought out by a very activist wing of the Democratic Party,” Wise said. “In order for them to be stopped, Americans on both sides of the aisle need to stand up and say, “This is not the America I believe in.’”

Full Story @ [watchdog]



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