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Really? Wells Fargo isn't mining my search history using a black-box algorithm to decide without transparency whether to close my account or decline a transact
by kjs3 7y ago
Really? Wells Fargo isn't mining my search history using a black-box algorithm to decide without transparency whether to close my account or decline a transaction because I might have become a risk of some sort.
Not that they would ever do such a thing.
- plorkyeran 7y agoI'd rather have my bank abruptly close my account for opaque reasons than fraudulently open additional accounts in my name.
- qzw 7y agoWhy not both? With Wells Fargo you can have it all!
- kjs3 7y agoWell...latter is illegal and the former isn't (usually) so I think there's a bit of apples-to-oranges, but yeah you got me, as we've seen being a regulated institution isn't a guarantee of good behavior. I still think the incentive, opportunity and the inclination of Google to not act in my interest is pretty high.
- LordDragonfang 7y agoYou literally just described fraud protection, which is something most banks nowadays use. It might be opt-out (or even opt-in) but that's very much a thing that banks do, and they get plenty of false positives with it.