House Republicans investigate Big Banks such as Bank of America and others for data dump of private information to the FBI

Ecclesiastes 5:8 If you see the extortion[a] of the poor, or the perversion[b] of justice and fairness in the government, [c] do not be astonished by the matter. For the high official is watched by a higher official, [d] and there are higher ones over them! [e]

Important Takeaways:

  • House Republicans Expand Investigation Into FBI Collusion With Big Banks
  • Ohio Rep. Jim Jordan and Kentucky Rep. Thomas Massie have authored letters to Citigroup, JPMorgan, PNC Financial Services, Truist, U.S. Bankcorp and Wells Fargo with the intention of discerning the transfer of private information to the FBI. In the letters, the authors wrote that “following the events at the Capitol on January 6, 2021, Bank of America (BoA) provided the FBI—voluntarily and without any legal process—with a list of individuals who had made transactions in the Washington, D.C., metropolitan area with a BoA credit or debit card between January 5 and January 7, 2021.”
  • The letters cited retired FBI Supervisory Intelligence Analyst George Hill, who testified that Bank of America had “data-mined its customer base” to create a list for the FBI and that “on top of that list, they put anyone who had purchased a firearm during any date.”
  • Jordan and Massie wrote that they find Hill’s testimony “alarming,” particularly because the information was given as a data dump instead of targeting specific individuals. Due to the dump, the FBI received financial information for private individuals who were uninvolved in the riot without ever obtaining a warrant, per the letters.
  • “Congress has an important interest in ensuring that Americans’ private information is protected from collection by federal law enforcement agencies without proper due process” the congressmen wrote, calling for the bank executives to release all documents and communications between their institutions and the FBI.

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