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CFPB to spy on banks?

The Consumer Financial Protection Bureau is considering a move toward the cloak-and-dagger, and is apparently recruiting investigators to work undercover at banks and other financial institutions in an effort to turn up evidence of bad behavior. The pay is pretty good, too: $98,000 to $149,000 per year.

The positions being advertised include the ability to oversee contracts with private investigators, according to a story in the Washington Times, which says investigators would be assigned to “delicate matters, issues and investigative problems for which there are few, if any, established criteria.”

Not surprisingly, the CFPB isn’t discussing specifics about these secretive new hires, but says it won’t violate civil liberties with its undercover activities; and it says it will make the results of its investigations public, as well.

Read more at the Washington Times.

 

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