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I was subcontracted as development resource to a short terms loan company. They had me implement a piece of software that lets people enter their online banking
by northwest65 8y ago
I was subcontracted as development resource to a short terms loan company. They had me implement a piece of software that lets people enter their online banking details (yes their name and password, that thing that the bank says if you reveal to anybody you have no protections on your account), store them in a database, and then use those credentials to scrape their bank records so that their loans could be approved without the user having to send their bank statements in.
I wasn't comfortable working for a company that preys on the fiscally challenged, so I found another job and quit the contracting company I worked for.
- devwastaken 8y agoI've been on the receiving end of this once and the company refused to not use the automated system. The automated system didn't believe my savings account was a savings account since my bank had it under 'passport savings' or some such nonesense. Even through emailing they basically said if the system doesn't do it then there's nothing they can do about it. I think it's a big invasion of privacy for a system that doesn't even work well.
- craftyguy 8y agoWhat you described sounds a lot like mint.com.
- 0x00000000 8y agoPaypal does this. I don't know how it's legal or your bank doesn't care.