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Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.

 
digitalFoo
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01/30/2014 05:26 PM
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Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
This hits just keep on coming. Not wanting to get showed up by the NSA, the Federal Consumer Bureau is collecting ALL of the financial data it can get on EVERYONE! They have your credit card numbers, credit scores, mortgage

<50%

Officials at the Federal Consumer Financial Protection Bureau are conducting a massive, NSA-esque data-mining project collecting account information on an estimated 991 million American credit card accounts.

I think that just about sums it up...

[link to washingtonexaminer.com]


yousuck

Last Edited by Still Raging on 01/30/2014 05:50 PM
digitalFoo  (OP)

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01/30/2014 05:31 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
So... just how many GOV groups are involved in this shit? Now, I'm curious as to what info the IRS has? Pretty soon, they'll just start taking shit out of your account for "official" reasons. Hell, why bother going through an employer to garnish your wages?
digitalFoo  (OP)

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01/30/2014 05:34 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
So... it appears that not even congress has the power to control them! LOL!


Congress' powers to oversee the CFPB are limited. The federal Dodd-Frank Act that created the bureau requires that the Senate confirm its directors, such as Cordray, and that the director testify before Congress twice a year, but Congress' authority stops there. The bureau is part of the Federal Reserve, for which Congress similarly confirms top officers but has no direct oversight. Cordray's nomination to the CFPB director's post was confirmed by the Senate last year.

right2112
digitalFoo  (OP)

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01/30/2014 05:37 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
Not even a kiss before you get f*cked...

When asked by Rep. Jeb Hensarling's committee:

"Would you object to getting permission from consumers, those people who you work for, before you collect and monitor their information?" Rep. Sean Duffy, R-Wis., asked Cordray.

"That would make it impossible to get the data," Cordray replied.

"You can't even opt out," Duffy said. "The NSA does not ask Americans' permission to collect their phone records and emails and texts. The CFPB does not ask permission to collect information on America's financial consumers."
Anonymous Coward
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01/30/2014 05:39 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
And?
digitalFoo  (OP)

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01/30/2014 05:40 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
Think I'm overreacting?

A committee aide estimated that over the life of the Arg*s contract, the company will collect about 51 terabytes of data, or the equivalent of all the text in all the books in 50 large libraries.
Anonymous Coward
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01/30/2014 05:44 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
Think I'm overreacting?

A committee aide estimated that over the life of the Arg*s contract, the company will collect about 51 terabytes of data, or the equivalent of all the text in all the books in 50 large libraries.
 Quoting: digitalFoo


A lil bit, ya..... Most of that info could be found by your creditors, employers etc. hell your mortgage IS recorded for public record....
digitalFoo  (OP)

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01/30/2014 05:44 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
And?
 Quoting: Anonymous Coward 49015263


Go back to sleep.

sheeplebah
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01/30/2014 05:46 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
shit thats nothin you can buy 300,000 names ss numbers and credit card numbers on the internet for about 500 bucks
digitalFoo  (OP)

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01/30/2014 05:48 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
shit thats nothin you can buy 300,000 names ss numbers and credit card numbers on the internet for about 500 bucks
 Quoting: Anonymous Coward 53626773


Sure... doesn't make it LEGAL or RIGHT for the Feds to be doing it.
digitalFoo  (OP)

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01/30/2014 05:49 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
And?
 Quoting: Anonymous Coward 49015263


Go back to sleep.

sheeplebah
 Quoting: digitalFoo


No you should wake up. Your rant just shows how tired you are. All this shit is addressed in my post above.
 Quoting: Anonymous Coward 49015263


Oh, I see.

agent
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01/30/2014 06:07 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
I've figured that since the late 90's (at least) that anything online is free pickings for the government and then freely shared amongst the .gov names. Problem is, they can collect the info, but can't really do jack shit with it due to the sheer volume of data collected. And have the NSA and agencies affiliated with it stopped anything or solved or stopped any crimes since their crony Snowden "leaked" what awesome super powers these agencies have? Not really. Data collection is one thing, what to do with it another.

Besides, mortgages are public records accessible by anyone. And if you're dumb enough to buy "sensitive" things with a credit card, yer a retard of a special flavor. Expect no privacy from .gov and it's cronies, including Big Business. You are the only person that can protect your privacy and anymore there's about jackshit that is private. Is it wrong? You betcha. But deal with it.
digitalFoo  (OP)

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01/30/2014 06:19 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
I've figured that since the late 90's (at least) that anything online is free pickings for the government and then freely shared amongst the .gov names. Problem is, they can collect the info, but can't really do jack shit with it due to the sheer volume of data collected. And have the NSA and agencies affiliated with it stopped anything or solved or stopped any crimes since their crony Snowden "leaked" what awesome super powers these agencies have? Not really. Data collection is one thing, what to do with it another.

Besides, mortgages are public records accessible by anyone. And if you're dumb enough to buy "sensitive" things with a credit card, yer a retard of a special flavor. Expect no privacy from .gov and it's cronies, including Big Business. You are the only person that can protect your privacy and anymore there's about jackshit that is private. Is it wrong? You betcha. But deal with it.
 Quoting: Anonymous Coward 51728832


They just need time and motivation. This data collection will not end well. They always start out with "good" intentions and then next thing you know the hammer gets dropped on you.
digitalFoo  (OP)

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01/30/2014 11:39 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
bump

For the night crowd.

Peace
Anonymous Coward
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01/31/2014 04:25 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
WOW!!!!
Anonymous Coward
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01/31/2014 04:48 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
well its clear with all the rising cost, and taxes, and all the great poisoned food. we shall have everything free in no time.
TheGasMan II

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01/31/2014 05:25 PM
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Re: Amerika: You are OWNED! Feds mining hundreds of millions of consumer credit card accounts, mortgages.
This has been done for years. Ever hear of Equifax, TransUnion or Experian? All information that these guys collect is freely available to anyone wishing to inquire.

Last Edited by TheGasMan II on 01/31/2014 05:28 PM
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