Report: CFPB To Monitor 80% Of Credit Card Transactions

What's Next In Payments®
8:42 PM EDT September 15th, 2013

The Consumer Financial Protection Bureau (CFPB) is seeking to monitor 80 percent of all consumer credit card transactions this year through a new data-mining program, The Washington Examiner reported on September 13.

The program was revealed through strategic planning documents for fiscal years 2013-2017 obtained by The Examiner. The paperwork also indicated that the CFPB is looking to monitor 95 percent of all mortgage transactions.

For more on the developing story, click here for the full report

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