it's so frustrating that this sort of shit keeps happening.
1. banks create gap in market by not providing useful access to their customer's data by...their customers
2. regulators don't step in to fix this market failure
3. some company steps in! yay!
4. company decides that charging customers for providing a good and/or service is insufficient, they need to do something creepy with selling off the customers data
5. lawsuit after the fact to maybe stop them being dickheads and definitely enriching a lot of lawyers
why hasn't the FTC or something stepped in to make banks provide some secure read-only access?
my colleague - you are missing the willing, enthusiastic, extensive and competing-to-out-do each other, aspect of tracking and selling profiles on "customers." I was told a story about a man in Florida making seven figures in the 90s by compliling and selling profiles, that were absolutely not legal and everyone knew it! so now its legal right?
1. banks create gap in market by not providing useful access to their customer's data by...their customers
2. regulators don't step in to fix this market failure
3. some company steps in! yay!
4. company decides that charging customers for providing a good and/or service is insufficient, they need to do something creepy with selling off the customers data
5. lawsuit after the fact to maybe stop them being dickheads and definitely enriching a lot of lawyers
why hasn't the FTC or something stepped in to make banks provide some secure read-only access?