Why does the US Government need to know what I’m purchasing on credit cards? Why is the US Government spending hundreds of millions to help private companies increase their surveillance of private citizens?
Apparently, the domestic security of the United States is threatened if the US does not collect and store all my credit card transactions….
Records from the Consumer Financial Protection Bureau (CFPB) that Judicial Watch recently obtained reveal the agency has spent millions of dollars collecting and analyzing Americans’ financial transactions—at least some of it without their knowledge.
Judicial Watch obtained the records through a Freedom of Information Act filed on April 24, 2013 following testimony by CFPB director Richard Cordray before the Senate Banking Committee on April 23.
Those documents include overlapping contracts with multiple credit reporting agencies and accounting firms to gather, store, and share credit card data worth $2.9 million, along with a nearly $5 million paid to Deloitte Consulting LLP for software instruction.
