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.
Afghanistan. And a swiss museum accepts hundreds of artworks from the son of hitlers art dealer, with the promise to return any looted pictures. Hello there thank you for joining us. World leaders have failed to reach a deal with iran at the end of historic talks in vienna. Instead they have decided to extend the talks until the middle of next year. All sides saying that progress has been made towards an agreement. It will meet again in december, draw up a time line by march and look to seal a final deal by july 2015. The u. S. Secretary of state john kerry says real and substantial progress was made at the vienna talks but hes warning that the negotiations cannot drag on. We are certainly not going to sit at the negotiating table forever. Absent measurable progress. But given how far we have come over the past year, and particularly in the last few days, this is not certainly the time to get up and walk away. These issues are enormously complex. They require a lot of tough political d
Devastating floods in mor moroc, and more rain coming. Paintings hoarded by the son of adolph hitlers soldiers, headed to an art museum. No ones walk away just yet from vienna, in fact they all said they have made progress towards an agreement on Irans Nuclear program and they have extended the deadline until july the 1st. Within the last few minutes, irans minister Hasan Rouhani says the sides have gotten closer. The five powers plus germany and russia. Agree. We are not sitting at the table together absent measurable progress. But particularly in the last few days this is not certainly the time to get up and walk away. These issues are enormously complex. They require a lot of tough political decisions. And they require very rigorous Technical Analysis of concepts. Today, iran has halted progress on its Nuclear Program. And it has rolled it back for the first time in a decade. A year ago, iran had about 200 kilograms of 20 enriched ur uranium in a form that could be enriched into wea
Are coming. And beautiful but controversial hundreds of paintings hoarded by the son of adolf hitlers art dealer are on their way to a swiss museum. First, we have heard within the last hour, the u. S. Defense secretary chuck hagel has resigned. U. S. Media reports say president obama accepted his resignation. The former Republican Center has been pentagon chief since last year. Live now to Patty Culhane, who is at the white house. The world will be asking was he pushed or did he jump. The white house will come out in an hour saying he did his job, he did a great job but they need to change course. You can mix course, but hes basically been fired. The president is under pressure, the polls show that they dont believe hes doing a good job when it comes to fighting Islamic State of iraq and levant, i. S. I. L. , or the ebola crisis. Who is the public face of that . Chuck hagel. When it came time to fight i. S. I. L. , the chairman of the joint chiefs of staff convinced the president , no