Thursday, January 29, 2015

‘DO NOT DISCLOSE’: Obama Admin Tells Banks To Shut Up About Its Targeting of Consumers, Gun Dealers

The Daily Caller reports:
The Obama administration’s Consumer Financial Protection Bureau is threatening banks to be silent about the administration’s new programs supervising and investigating private bank account holders.

A shocking bulletin that CFPB issued to banks, which was obtained by The Daily Caller, was sent around this week in the midst of controversy regarding the administration’s Operation Choke Point program, by which the administration pressures banks to cut off accounts for supposedly suspicious businesses, including gun dealers. Operation Choke Point’s anti-gun mission was recently confirmed in a series of audiotapes published by the US Consumer Coalition, in which a bank teller explained to a gun dealer why his account was being shut down.

“The Consumer Financial Protection Bureau [CFPB] issues this compliance bulletin as a reminder that, with limited exceptions, persons in possession of confidential information, including confidential supervisory information [CSI], may not disclose such information to third parties,” the bulletin states.

“‘Confidential information’ means ‘confidential consumer complaint information, confidential investigative information, and confidential supervisory information, as well as any other CFPB information that may be exempt from disclosure under the Freedom of Information Act pursuant,” according to the bulletin.

Even non-disclosure agreements are invalid according to the CFPB’s effort to suppress information.
The CFPB isn't even financed by Congress! This is fascism straight up.