Dark patterns galore. Absolutely no indication when you go through a Plaid flow that you're likely giving away much more than just the bare minimum account numbers to push money in/out of your bank account. Often, you're also giving away transaction data, identity, real-time balance, etc. There's no way to know prior to linking your account.
I had high hopes that would have made things more transparent given the new CCPA laws that went into effect on the 1st but have not seen anything change.
Edit: I think the 4D chess move here by Visa is the amount of data Plaid has. Bank transaction data from all types of transactions, not just Visa ones, is massively valuable.
If people were concerned about Google acquiring Fitbit data I would be incredibly concerned about Visa basically buying all financial transaction data...the FTC should really investigate the acquisition.
Banks aren't exactly happy that their API is basically scraping their website, for very valid reasons, including the customer's own security.
If enough of the big banks decided they had enough of Plaid then it would present a massive existential threat to the business. If anything, I think that threat is a reason why they wanted an exit sooner rather than later.
Have to imagine my statements hold more value than their scraping algo
Buying a company to get its most valuable assets is less complicated than that.