Serious allegations are being raised in the legal community that the Consumer Financial Protection Bureau has recruited the U.S. Trustee Program to collect bankruptcy data on its behalf to aid a controversial data-mining program.
Documents obtained by the Washington Examiner describe efforts by the CFPB to collect a decade's worth of private financial data on the consumer behavior of five million American citizens without their knowledge or consent. The CFPB data-mining campaign has alarmed privacy watchdogs.
The USTP was created by Congress in 1978 to be a rigorously neutral agency within the U.S. Department of Justice. Its attorneys are supposed to be "impartialâ€ť and to serve as a â€śwatchdog over the bankruptcy process,â€ť according to the agency's website.
If USTP is aiding CFPBâ€™s data-mining program in any manner, bankruptcy authorities argue it would constitute an â€śunprecedentedâ€ť violation of the organization's reason for being and destroy its independence.
Source: Washington Examiner. Read full article. (link)