Tag Archive: Data-Mining Americans’ Credit Card Transactions

on September 16, 2013 in World News

Data-Mining Americans’ Credit Card Transactions

                  Consumer Financial Protection Bureau Data-Mining Americans’ Credit Card Transactions Consumer Financial Protection Bureau (CFPB) director Richard Cordray and his staff are planning to track four out of five U.S. consumer credit card transactions this year through a controversial new data-mining program. Richard Pollock of the Washington Examiner reported Friday that a CFPB strategic planning document for fiscal years 2013-2017 discusses a “markets monitoring” program through which officials plan to track 80 percent–up to 42 billion–credit card transactions in 2013 made by Americans. In addition, the strategic planning document indicates CFPB plans… View Article

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