Banking
-
Am I alone in distrusting banks with my physical address?
cross-posted from: https://links.hackliberty.org/post/38215
> Opening a bank account in the US entails supplying the bank with copious sensitive info. I think the most disturbing is having to supply your physical address for where you sleep at night. Mailing address is insufficient. Even if your physical address cannot receive mail, they still want it. > > I could perhaps tolerate trusting the bank alone with it, reluctantly. But the bank shares that info with credit bureaus. That crosses a line for me. I absolutely do not trust credit bureaus with my physical address. They have proven to be sloppy & careless with people’s data (#equifaxBreach). > > If it’s truly a bank account and not a credit account, in principle the bank need not be a member of any credit reporting agency (CRA) & it likely has no obligation to share your address with the CRA. The problem is, the fine print on account applications always has some vague wording saying you agree to your data being shared with the credit bureau (whether they act on that or not). > > So what are the remedies here? Finding a bank that is not a member of any of the credit bureaus seems highly unlikely & I assume they all have that sloppy vague wording to get your agreement to share you address with the CRA. > > So what do people do to avoid the bank → CRA address sharing?
-
Apple Card savings account tops $10 billion in deposits
9to5mac.com Apple Card savings account tops $10 billion in deposits - 9to5MacApple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits. Early indicators...
- 9to5mac.com Apple Card: Goldman likely stuck, Amex unlikely contender, Tim Cook once denied - 9to5Mac
Goldman Sachs has somehow managed to lose money on its share of the Apple Card business, and American Express has...
cross-posted from: https://lemmy.finance/post/47
> I don't think they'll find a major bank that's willing to take the accounts. Looking at the financials for Goldman's consumer division, it seems they went into this unprepared for how consumers use credit.
- 9to5mac.com Apple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’
Back in January, we learned that Apple Card has been responsible for more than a billion dollars in losses for...