Friday, May 30, 2014

New federal database will track Americans' credit ratings, other financial information

As many as 227 million Americans may be compelled to disclose intimate details of their families and financial lives -- including theirSocial Security numbers -- in a new national database being assembled by two federal agencies.
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau posted an April 16 Federal Register notice of an expansion of their joint National Mortgage Database Program to include personally identifiable information that reveals actual users, a reversal of previously stated policy.

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