Tuesday, June 13, 2023

Think Your Bank Believes in "Privacy"? Think Again

The House Republicans are investigating a few banks for breaching 'customer privacy.'

...Ohio Rep. Jim Jordan and Kentucky Rep. Thomas Massie have authored letters to Citigroup, JPMorgan, PNC Financial Services, Truist, U.S. Bankcorp and Wells Fargo with the intention of discerning the transfer of private information to the FBI. In the letters, the authors wrote that “following the events at the Capitol on January 6, 2021, Bank of America (BoA) provided the FBI—voluntarily and without any legal process—with a list of individuals who had made transactions in the Washington, D.C., metropolitan area with a BoA credit or debit card between January 5 and January 7, 2021.”

The authors then asked the banks whether they had entered into similar arrangements with the bureau....

There's a reason that lots of people keep their money 'under the mattress.'

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