Comment Re:It's not private... (Score 2) 264
That's it exactly. Not only is this data not private, it has never been private. It has always been sold between companies, and is the entire basis for a multi-billion dollar industry. The CFPB is simply purchasing this information at the market price, just like hundreds of other companies do on a routine basis. As the joke goes, capitalists will sell the rope to hang themselves.
You can bet the NSA collects this exact same information. The NSA collects this information to conduct drone strikes, and find citizens to murder. The CFBP wants to use this information to regulate banks. Yet, this congressman doesn't talk about the NSA. Does it surprise anyone at all, that banking & finance sectors contribute heavily to his wallet? http://www.opensecrets.org/pol...
This is another politican who has been bought and paid for, and is fighting against the best interests of the people he supposedly represents.
You can bet the NSA collects this exact same information. The NSA collects this information to conduct drone strikes, and find citizens to murder. The CFBP wants to use this information to regulate banks. Yet, this congressman doesn't talk about the NSA. Does it surprise anyone at all, that banking & finance sectors contribute heavily to his wallet? http://www.opensecrets.org/pol...
This is another politican who has been bought and paid for, and is fighting against the best interests of the people he supposedly represents.