while this was previously suspected, today Judicial Watch published FOIA evidence that it is in fact the case ... from
(snip)Many Americans have never even heard of the Consumer Financial Protection Bureau, but Judicial Watch has discovered that they are spending millions of dollars to collect and analyze our financial transactions...
Judicial Watch announced today that it has obtained records from the Consumer Financial Protection Bureau (CFPB) revealing that the agency has spent millions of dollars for the warrantless collection and analysis of Americans’ financial transactions. The documents also reveal that CFPB contractors may be required to share the information with “additional government entities.”
Judicial Watch was able to obtain some absolutely shocking documents thanks to a Freedom of Information Act request that it filed in April. The following is a summary of some of the things those documents show...
•Overlapping contracts with multiple credit reporting agencies and accounting firms to gather, store, and share credit card data as shown in the task list of a contract with Argus Information & Advisory Services LLC worth $2.9 million
•An “indefinite delivery, indefinite quantity” contract with Experian worth up to $8,426,650 to track daily consumer habits of select individuals without their awareness or consent
•$4,951,333 for software and instruction paid to Deloitte Consulting LLP
•A provision stipulating that “The contractor recognizes that, in performing this requirement, the Contractor may obtain access to non-public, confidential information, Personally Identifiable Information (PII), or proprietary information.”
•A stipulation that “The Contractor may be required to share credit card data collected from the Banks with additional government entities as directed by the Contracting Officer’s Representative (COR).”(snip)
(snip)"We have also recently learned that the NSA is doing it too. The following is from a recent Time Magazine article...
Networks are most likely giving the government “metadata.” That is, the credit card issuers could provide the NSA details such as an account or card number, where and when a purchase was made, and for how much. Even though the exact items purchased aren’t revealed, Brian Krebs, who blogs at KrebsOnSecurity.com, says “merchant category codes” in such data give clues about what was bought.
If the NSA is collecting data at the processor level, “at that point the transaction gets cleared and posts to an account, so, yes, you can track it down to a person,” Aufsesser says.
The NSA conceivably could — and probably would — be able get the names of individual account holders from banks issuing credit cards. ”I don’t see how you would anonymize it,” says Al Pascual, senior analyst for security, risk and fraud for Javelin Strategy & Research.(snip)
Not wanting to raise undue concerns, but ...
- the above statements make it probable that US camgirls using credit / debit card based payment services for earnings from 'international' webcam hosts are having said earnings / payments tracked by the US gov't. Thus the absence of a 1099 automatic report of earnings from an 'international' webcam host may no longer hinder the US gov't's knowledge of the camgirl's 'foreign' income.
- the above statements make it probable that US dancers and camgirls are having their total credit card spending tracked. Thus the absence of 1099 automatic reports of earnings from US clubs may no longer obscure the gov't's knowledge of said earnings, since it is presumed that every dollar spent via a credit card had to first be earned from some source or another.



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