July 17, 2013
The Consumer Financial Protection Bureau (CFPB) is looking to create a “Google Earth” of every financial transaction of every American, Sen. Mike Enzi (R-WY) warned today in a Senate speech opposing confirmation of Richard Cordray as CFPB director.
“This bill (creating the CFPB)¬†was supposed to be about regulating Wall Street. Instead, it’s creating a Google Earth on every financial transaction.
That’s right: the government will be able to see every detail of your finances. Your permission – not needed,” Sen. Enzi said.
“They can look right down to the tiny details of the time and place where you pulled cash out of an ATM,” Enzi warned.
This article was posted: Wednesday, July 17, 2013 at 10:47 am