Oh, this makes a lot of sense. I mean, it always felt a little bit like it came out of nowhere -- or the whole FBI link should have been easier to get -- but this makes it clear how Peter's concern for Neal would have led him to hide certain facts for Neal's "own good".

(Honestly, I love White Collar when it's Peter and Neal -- and the rest -- against the crims of the world. When it's constantly Neal and Peter hiding information from each other and secretly working at cross-purposes, it makes me sad for them.)