The oversight investigations subcommittee will come to order. The time at the hearing is examining the Consumer Financial Protection Bureaus mass Data Collection program. Without objection the chair soccer sadrist to declare recess of the subcommittee at any time and without objection all members will have five legislative days in which to submit extraneous materials to the chair for inclusion in the record. The chair recognizes himself for four minutes to give an opening statement. The Consumer Financial Protection Bureau is fundamentally passed with protecting americans from unfair or deceptive and abusive financial practices. Ironically as it was sold of a massive Data Collection activities the cfpb is putting all americans all of us at risk. From january 2012 to july of 2014 the cfpb carried out 12 largescale Data Collections including the monthly collection of data affecting hundreds of millions of credit card accounts, 173 million mortgages as well as information on 10. 7 million
The oversight investigations subcommittee will come to order. The time at the hearing is examining the Consumer Financial Protection Bureaus mass Data Collection program. Without objection the chair soccer sadrist to declare recess of the subcommittee at any time and without objection all members will have five legislative days in which to submit extraneous materials to the chair for inclusion in the record. The chair recognizes himself for four minutes to give an opening statement. The Consumer Financial Protection Bureau is fundamentally passed with protecting americans from unfair or deceptive and abusive financial practices. Ironically as it was sold of a massive Data Collection activities the cfpb is putting all americans all of us at risk. From january 2012 to july of 2014 the cfpb carried out 12 largescale Data Collections including the monthly collection of data affecting hundreds of millions of credit card accounts, 173 million mortgages as well as information on 10. 7 million
About a persons credit Card Transactions was enough to reidentifying the anonymous credit card data and 90 of the cases that they study. Doddfrank granted the cfpb expensive and Intrusive Authority with very little accountability or oversight. However the cfpbs Data Collection programs appear to exceed the mandate included in doddfrank. Under the guise of its supervisory monitoring and examination authorities the cfpb appears to have subordinated consumers interest with the Data Collection programs. What is more concerning for the cfpb claims to be an information driven agency it seems the cherrypicked data to justify pursuing a politicized rulemaking agenda. For publishing unverified Consumer Complaints on this web site using unreliable methodologies for auto lending the agency has proven time and time again that it will present only the most convenient of quote facts for its purposes. Not bleeding data to validate a regulatory outcome is not sound public policy. This is junk science.
Analysis. Today has been all about police in the nto protest site admiralty district in hong kong. The streets have been cleared or are being cleared around these Government Offices. Give us an update what is going n right now. This is the area that protestors were fleing from this morning. You can probably see the last of the cleanup here, police cleaning up remains of belong thags belonged to protestors from this area where they had been overnight. You can probably see this tway traffic now flowing along this road. This is actually one of the reasons that kicked off the action that we saw last night and this morning. Protestors had converged in this area and taken over this road. Police had been in confrontations with them yesterday. E saw pepper spray being used. In the tend police did leave most of the protestors on the road. They allowed them to stay on the road. The police came again this morning clearing the road and opening up as you see traffic going through. Protestors fleing
A black man who died in police custody. Buildings and cars were torched demonstrators threw rocks and bottles at police, injuring 15 of them. Maryland governor larry hogan declared a state of emergency. Governor hogan my number one concern is jobs, what ive been focused on, creating more jobs and opportunities in baltimore city. Today the focus is on the emergency actions that need to take place. Tomorrow we work on how we Work Together to create more jobs. Mark Baltimore Mayor Stephanie Rawlings blake has imposed a 10 00 p. M. Curfew starting tonight. Businesses are feeling the aftershocks. T. Rowe price has closed its headquarters in the downtown part of the city. Southwest airlines has canceled 10 baltimore departures today. Public schools in the city are close. And the orioles game against the Chicago White sox, major League Baseball, that game has been postponed. In nepal, the finance ministers says it will cost more than 10 billion to repair the country following the killer earth