Consumer Folks News Today

Say the language is so vague that the government could peek into your bank account and credit card statements. >> the american people and the more they find out about it wont like it and they shouldnt like it. >> reporter: supporters of the legislation argue the o.f.r. language is not aimed at average citizens. >> look at the firm, themselves, the lenders, not the borrowers. as far as you and i, we wouldnt effected at all. >> reporter: some analysts arent convinced and dont think the public will...

Come up with policy recommendations, but gop critics say that americans should be very concerned. they think the language is too vague, and are worried about just how far the government could reach into that data. heres what fox contributor karl rove had to say: >> theyre literally going to have the capacity to go through everybodys brokerage account and everybodys checking account and everybodys credit card and everybodys financial transactions and sweep that information and then analyze it. >>...

Say the language is so vague that the government could peek into your bank account and credit card statements. >> the american people and the more they find out about it wont like it and they shouldnt like it. >> reporter: supporters of the legislation argue the o.f.r. language is not aimed at average citizens. >> look at the firm, themselves, the lenders, not the borrowers. as far as you and i, we wouldnt effected at all. >> reporter: some analysts arent convinced and dont think the public will...