Judicial Watch: Obama Admin Collecting Financial Data From Private Citizens Without Warrants

Well, we almost made it through a whole week without a new Obama Regime scandal, but the good folks at Judicial Watch never rest, and they announced today that they’ve obtained records from the Consumer Financial Protection Bureau (CFPB) exposing that millions of dollars have been spent by the agency on the warrantless collection and analysis of Americans’ financial transactions.

The full extent of the CFPB personal financial data collection program is revealed in a document obtained by Judicial Watch entitled “INDEFINITE-DELIVERY INDEFINITY-QUANTITY (IDIQ) STATEMENT OF WORK.” According to the IDIQ document’s stated Objective: “The CFPB seeks to acquire and maintain a nationally representative panel of credit information on consumers for use in a wide range of policy research projects… The panel shall be a random sample of consumer credit files obtains from a national database of credit files.”

To accomplish this objective, the CFPB describes the scope of the program accordingly:

The panel shall include 5 million consumers, and joint borrowers, co-signers, and authorized users [emphasis added]. The initial panel shall contain 10 years of historical data on a quarterly basis [emphasis added]…

Read more from this story HERE.