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The CFPB is gearing up to monitor 95% of all credit-card transactions by 2016 (more about this below).

Newt Gingrich: A Government Snoop That Puts the NSA To Shame


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By —— Bio and Archives July 2, 2015

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The Consumer Financial Protection Bureau plans to monitor 95% of all credit-card transactions by 2016.
Since Edward Snowden leaked details of the National Security Agency’s electronic surveillance program two years ago, the controversy over privacy and domestic spying has crossed party lines, embarrassed senior officials and launched presidential campaigns. The political furor led to passage of the USA Freedom Act in early June. It will stop the NSA from collecting information on millions of American citizens’ phone calls. A Pew survey in May showed bipartisan majority disapproval of the NSA program—including 56% of Republicans, 48% of Democrats and 57% of independents. Yet the NSA at least was trying to protect Americans from terrorism. Another, far more pernicious data-collection program run by another huge, secretive and unaccountable government bureaucracy exists instead for the purpose of limiting Americans’ freedom. More...



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