From a report at the link below:
Without your knowledge or permission, the Obama administration collected and warehoused your most private bank records and continued to sweep them up — despite repeated warnings the data wasn’t being properly protected. Now there’s a good chance your personal information could be in the hands of identity thieves or even terrorists.
The government isn’t sure who has your information. It only knows the Obama-era databases have been breached by outsider threats potentially 1,000-plus times. That’s according to a recent investigation of cyber-intrusions at the Consumer Financial Protection Bureau, where the sensitive information is stored.
Most people don’t know this, but after President Barack Obama created the CFPB, he had the powerful regulatory agency snoop into virtually every financial account held by Americans to assemble a massive and secret government database as part of the post-financial crisis overhaul of the banking industry.
Without asking if customers wanted to opt in, CFPB has collected and stockpiled from banks more than 600 million credit-card accounts and personal data from millions of home, auto, business and student loans.
For the first time, the government vacuumed up extremely sensitive personal finance information that even the IRS doesn’t collect — including credit scores, performance data on loans, telephone numbers, employment records, even your race and ethnicity, in addition to your date of birth, Social Security number and address. At last count, the CFPB had 12 consumer data-mining programs running.