Feds collecting personal, confidential data on consumer's credit cards, bank transactions

The Washington Examiner reports:

The Obama administration, already under fire for the IRS scandal and National Security Agency snooping of the computers and cellphones of Americans, is also spending millions to have private contractors conduct a dragnet for confidential and personal credit and bank transactions without a warrant. Newly obtained documents from the Obama-created Consumer Financial Protection Bureau reveal that the administration has OK'd a project to accumulate the personal financial data of some 5 million and share it with other agencies to build a "nationally representative panel of credit information on consumers for use in a wide range of policy research projects." The documents obtained by public watchdog group Judicial Watch and provided to Secrets also indicate that those picked in the dragnet will be chosen randomly, meaning every American is subject to the raid on their information.

Big Brother is watching you!