Archive for Consumer Financial Protection Bureau

Feds recruit bank spies

Posted in banks with tags , on August 13, 2012 by saynsumthn

Consumer bureau seeks sleuths for bad bankers

The federal government’s newly created Consumer Financial Protection Bureau is recruiting investigators in ads that suggest the agency plans to go undercover to pursue cases against banks, credit card companies and other financial companies.

“As needed,” one recent recruitment ad stated to potential investigators, “establish and conduct surveillance activity to develop both intelligence and evidence to further investigations. Utilize surveillance activities to identify subjects, their activities and their associates, corroborate source information and collect evidence.”

The bureau also said that investigators, who would earn $98,000 to $149,000 per year, may have to arrange for and oversee contracts with private investigators. These private investigators “may know the players, culture, history in a specific geographic area in which a case is centered,” according to the advertisements, which outline a host of other responsibilities.

The recruitment effort also makes clear that while working under enforcement lawyers, investigators would be assigned to “delicate matters, issues and investigative problems for which there are few, if any, established criteria.”

Officials at the bureau declined to discuss specific investigative techniques, but said the practices would not engage in any sort of activities that violate the civil liberties of subjects.

Read rest from Washington Times here