CFPB - Gov't creating a "Google Earth" of your finances

[RblDiver]

Wait wait....wtf is this, and why haven't we heard about this before?

http://hotair.com/archives/2013/07/17/sen-enzi-the-cfpb-is-going-to-act-like-the-google-earth-of-all-financial-transactions/

[roberth]

Wait wait....wtf is this, and why haven't we heard about this before?

It is for your own good...shouldn't you be watching TV? ;)

[hatidua]

Nothing surprises anymore. Nothing.

[sellersm]

Nothing to see here, citizen. Move along... It's just some conspiracy stuff. The implications of the Dodd/Frank Act have no bearing on you...





</cynicism>

[rockhound]

stop using your loyalty cards. UK has been doing this for years and they are going after peoples tax records based on the amount of money they spend.

[Ridge]

Is there an actual source to go with this? Or just some blog that follows it's namesake?

[RblDiver]

Is there an actual source to go with this? Or just some blog that follows it's namesake?

The linked video is from a US senator, I daresay he's a source.

[sellersm]

Is there an actual source to go with this? Or just some blog that follows it's namesake?

Here's one: http://www.law.cornell.edu/wex/dodd-frank_title_x

Google turned up 10 pages' worth. The Dodd Frank Act is scary at best. So is the stupid 'regulatory committee' that's in the obama-care law. It was established for 'Medicare oversight' but its powers are very far-reaching...

[sellersm]

and another: http://www.city-journal.org/2012/22_3_consumer-financial-protection-bureau.html

[sellersm]

and one more: http://www.dailyfinance.com/2013/02/14/states-cfpb-lawsuit-kill-consumer-financial-protection-bureau/