Re:Fed announces details of new interbank service to support...
by mixmastamyk on Sunday August 09, 2020 @08:01PM
(#24104020)
Not to mention potentially malicious rent-seeking third parties inserted and selling financial info.
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Re:Fed announces details of new interbank service to support...
by orthecreedence on Monday August 10, 2020 @02:31AM
(#24106230)
Why is this downvoted? We have three major credit bureaus, and only just recently one got hacked and leaked everyone's info. Finance in the US is full of third-party jackasses that make money by doing nothing other than acting as gatekeepers. It's the definition of rent-seeking.
Re:Fed announces details of new interbank service to support...
by mixmastamyk on Monday August 10, 2020 @03:09AM
(#24106449)
Yes, was also thinking unnecessary players like venmo or mobile pay. Weren't needed in places with modern banking.