Screenshots shared with 404 Media show tenant screening services ApproveShield and Argyle taking much more data than they need. “Opt-out means no housing.”
Probably Plaid. They ask for online banking credentials instead of doing the “traditional” collect ACH, do two sub-dollar transactions, confirm amounts.
They settled a lawsuit that claimed they were scraping private transactions and selling them. They didn’t admit fault, but I still refuse to hand them my credentials.
Despite that, they remain popular, since MOST users willingly provide those credentials and get a faster account linking experience, which makes them much more likely to stick around and transfer money into the service recommending Plaid as the linking method.
I’ve also heard there as some services that refuse to use the “traditional” ACH method of account linking, only allowing Plaid.
Bingo. We don’t allow autopay since once they have it they can pull what they want, be it by accident, or just because we owe them. Hell with that. Still pay our mortgage, car loans, etc. manually each month.
Yeah. It would be nice for the U.S. banking system to get updated to have the same capabilities the populace in other nations have. I don’t trust the current administration to do it without baking in massive grift and corruption. But, I don’t see the banks doing it themselves, individually or in blocks.
We have dumb things like Zelle, Venmo, and CashApp that are entirely unnecessary in proper countries but banks are invested in and profit from them. Also, this way they can tie customers down with a TOS that would clearly be against banking regulations if any of these service was “a bank”.
Probably Plaid. They ask for online banking credentials instead of doing the “traditional” collect ACH, do two sub-dollar transactions, confirm amounts.
They settled a lawsuit that claimed they were scraping private transactions and selling them. They didn’t admit fault, but I still refuse to hand them my credentials.
Despite that, they remain popular, since MOST users willingly provide those credentials and get a faster account linking experience, which makes them much more likely to stick around and transfer money into the service recommending Plaid as the linking method.
I’ve also heard there as some services that refuse to use the “traditional” ACH method of account linking, only allowing Plaid.
I like the method where I send in a payment.
Bingo. We don’t allow autopay since once they have it they can pull what they want, be it by accident, or just because we owe them. Hell with that. Still pay our mortgage, car loans, etc. manually each month.
Laughs in PIX
Yeah. It would be nice for the U.S. banking system to get updated to have the same capabilities the populace in other nations have. I don’t trust the current administration to do it without baking in massive grift and corruption. But, I don’t see the banks doing it themselves, individually or in blocks.
We have dumb things like Zelle, Venmo, and CashApp that are entirely unnecessary in proper countries but banks are invested in and profit from them. Also, this way they can tie customers down with a TOS that would clearly be against banking regulations if any of these service was “a bank”.