July 19, 2015

New Federal Database Will Hold Individual Credit Scores, Employment Records, Healthcare, Education of Americans

Report: Obama Setting Up Secret 'Racial Database'

July 18, 2015

Newsmax - The Obama administration is collecting vast amounts of personal data on Americans by race to create a huge database for the goal of "racial and economic justice," according to a report by a fellow of the Hoover Institution at Stanford University.

The data includes information that would document disparities between minorities and whites in such areas as healthcare, education, financial lending, and neighborhood quality, said Paul Sperry in a report for The New York Post.
 
Calling it "an Orwellian-style stockpile of statistics," Sperry said the data would fuel a "permanent network of discrimination databases" that could be used by civil-rights lawyers and other advocates "to make 'disparate-impact' cases" against school systems, banks, and employers.

President Barack Obama's goal is to have the database ready before he leaves office in early 2017 — and all the information would be posted online.

"We will be better able to identify possible discriminatory lending patterns," said Richard Cordray, director of the Consumer Financial Protection Bureau, which was created in 2010 under the Dodd-Frank Wall Street reform legislation.
Cordray was speaking recently to the racial advocacy group, the Greenlining Institute in Berkeley, Calif., Sperry notes, on the so-called National Mortgage Database Project. The effort is being conducted by the Federal Housing Finance Agency.

The agency is headed by former North Carolina Democratic Rep. Mel Watt, who once headed the Congressional Black Caucus.

According to Sperry, the database will compile 16 years of lending data, all based on race — ranging from individual credit scores to employment records.

The data would then be shared with FHFA, which is charged with investigating financial lenders for bias and other irregularities, Sperry reports.

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