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You're likely on the hook for the losses having shared your creds. May obviously vary from FI to FI.
by willy_ph 7y ago
You're likely on the hook for the losses having shared your creds. May obviously vary from FI to FI.
- whitepoplar 7y agoIf that's the case, why aren't FI's going after Plaid for impersonating their branding/login screens? When you go to link an account in-app, for instance, there is no indication that you're using Plaid; you're presented with a login screen that matches your FI's color scheme + branding. In fact, it's even more on-brand than the FI's own login screens, sometimes!
- jillio 7y agoBecause FIs have agreement with Yodlee and Plaid too. They have interest in keeping their customers happy by not holding them back to gaining access to other financial apps, but don't want to be liable when breach happens. Capitalism!