Facebook Inc. wants your financial data.
The social-media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking-account balances, as part of an effort to offer new services to users. [A WSJ subscription is required to read the story].
No. NO!
Don’t blame Facebook for asking. Blame the banks for giving.
I wonder who else gets this info from the bank. Facebook obviously expects to get it.
exactly. they can ask whatever they want. doesn’t mean it has to be given. especially without our okay
True. You cannot blame Facebook for asking, but they simply should never, ever have access to your personal financial info as this will become an already blurred red line, because of what we know now. I can’t comment about whom else has access to your financial info as I’m in the the U.K and we have tighter control due to the General Data Protection Regulation (GDPR) and the Data Protection Act 2018. Interesting how this will all pan-out, though.
Just the fact of asking, if it is true, is a monstrosity.
We all know how faceBook works.
Assuming that, no Bank will share such info for nothing in return …
Bribery?
“doesn’t mean it has to be given. especially without our okay”
Since when have American banks given a damn about getting the OK of their customers for anything that makes the bank money?
https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal
#deletefacebook
Banks give out your info all the time. Ever wonder why collector’s come calling when your credit card balance is 80% max? They sell that info for a handsome profit.
So glad I’m not on Facebook. I knew it was going to be invasive, a la AOL, but never thought they’d be so blatant about selling us out.
You can bet the next social network variant, once Facebook crashes & burns, will be degrees more invasive.
There was a time when our banks were regulated, and far less cavalier with either their customers’ money or their information.
Then the neoconservatives appeared, and convinced neolibertarians to spread their predatory gospel. And so the bank failures began.