This new consumer bureaucracy is intended by its architects in the Treasury to begin the process of financial regulation with the intent of changing the behaviors of the American people,” said the senator.
Shelby appears to be correct. The bill allows the bureau to collect any and all information on any person operating in the financial markets.
As it reads: “[T]he Bureau shall have the authority to gather information from time to time regarding the organization, business conduct, markets, and activities of persons operating in consumer financial services markets.”
Is The Consumer Protection Bill Just One Huge Governmental Subversion Of Privacy Ploy? | zero hedge
CNSNews.com) – Senate Democrats united to pass a financial regulatory bill that allows the government to collect data on any person operating in financial markets at any level, including the collection of personal transaction records from local banks that list customers’ addresses and ATM receipts.
CNSNews.com - Senate Democrats Pass Bill Allowing Govt to Collect Addresses, ATM Records of Bank Customers (http://www.cnsnews.com/news/article/66439 - broken link)
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