Want proof? Take a look at a current crackdown within the subprime sector by the customer Financial Protection Bureau.

The watchdog agency, which conservatives say may be the embodiment of regulatory overreach, slapped Clearwater’s Clarity solutions Inc. And its own owner, Tim Ranney, having an $8 million fine for illegally accessing the credit files of 1000s of customers nationwide.

Which is bad sufficient. Making things even worse is really what the company did along with those credit files.

In accordance with the bureau, Clarity utilized them to build product product product sales leads for firms that produce “small-dollar loans to customers that have slim credit files. “