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Banks spying on your bills, rent payments, paychecks: report

 
jerm
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User ID: 1156001
United States
11/07/2010 09:30 PM
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Banks spying on your bills, rent payments, paychecks: report
...financial firms are now tracking their customers' bank deposits, rent payments or home values, and even utility bills to figure out who may soon become a financial risk, reports WSJ's Karen Blumenthal.

So, for example, if your employer pays you through direct deposits and those deposits stop, financial institutions can now have warning that your money situation is likely to tighten, and may deny you credit on that basis.


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Anonymous Coward
User ID: 1156313
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11/07/2010 09:35 PM
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Re: Banks spying on your bills, rent payments, paychecks: report
I wish everyone would withdraw all their money from the banks and put these scumbags out of business.

We have the power to do it. All we have to do is withdraw all our money, then they no longer exist.
Vision Thing

User ID: 1110850
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11/07/2010 09:39 PM

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Re: Banks spying on your bills, rent payments, paychecks: report
"Don't bank where you borrow"

I think I got that line from Arnold Goldstein in "Asset Protection Secrets".

No, wait, it was one of my former business partners that said that. Must be a universal truism - so you guys pick up on that one okay?
jerm  (OP)

User ID: 1156001
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11/07/2010 09:40 PM
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Re: Banks spying on your bills, rent payments, paychecks: report
I wish everyone would withdraw all their money from the banks and put these scumbags out of business.

We have the power to do it. All we have to do is withdraw all our money, then they no longer exist.
 Quoting: Anonymous Coward 1156313


I share your sentiments...but
good luck withdrawing all your money at once. They only 'allow' you to withdraw your money incrementally, these daze....
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jerm  (OP)

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11/07/2010 09:41 PM
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Re: Banks spying on your bills, rent payments, paychecks: report
"Don't bank where you borrow"
 Quoting: Vision Thing

lolatu
:jerm-1:
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[link to www.soundclick.com]

My VID Yo:
[link to vimeo.com]
jerm  (OP)

User ID: 1156001
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11/07/2010 09:43 PM
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Re: Banks spying on your bills, rent payments, paychecks: report


Last Edited by jerm on 11/07/2010 09:44 PM
:jerm-1:
MY NOIZE:
[link to www.soundclick.com]

My VID Yo:
[link to vimeo.com]





GLP