[Mercenary]

(12-28-2017 04:28 PM)gework Wrote:  

As well as this, most of the details you share with your bank are shared with credit rating agencies like Experian and Equifax, which aren't exactly known for bulletproof security and privacy. They also have real-time access to you bank balance.

I'm well aware of this...however these new rules go way beyond what the credit agencies can see & do.

Here we are talking about private companies not only seeing EVERYTHING (every transaction) on all your accounts, but also having the power to open/close accounts, subscribe you to new services, and make huge financial decisions on your behalf.

It's like giving a complete stranger full power of attorney over your whole assets and liabilities.