Consumer Financial Protection Bureau

Federal 'Consumer' Agency Snoops on Private Financial Data, Too

Well ... Of course it does

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Big Brother is watching you — in even more ways than previously known. It turns out the National Security Agency and Internal Revenue Service aren't the only federal agencies gathering sensitive information about you.

The Consumer Financial Protection Bureau, created by the Dodd-Frank financial reform, is collecting reams of data on your bill-paying and spending habits.

In fact, the Obama administration is compiling a massive database of personal information, including monthly credit card, mort gage, car and other payments.

The data will be warehoused by private contractors and shared with other federal agencies and Congress, as well as researchers in the field.