why would a bank just close your account because of a false positive
i read through most of the article and could not find discussion of such an obvious question
do you get to re-open your account after they realize they're wrong? does this actually affect credit scores? big if true. i realize this is probably just a bug due to security theater with unwillingness to fix the bug being part of the security theater.
we already knew the bank polices every single transaction we make (which is absolutely intolerable and should be illegal, along with most of the credit system which is also just surveillance), but closing accounts in any meaningful way would be new.
and this is another dipshit article that doesn't actually even name the problem. instead they point to unprovable discrimination as usual. NO. the problem is that what someone does with their money is a private matter, like none of your fucking business. there wouldn't be any discrimination if the bank just was a real product and not a one sided """relationship""" which is just code for "we shove our noses into every transaction you make for your own good, loser".
what i imagine is that in actuality what actually happens is you have to do a bunch of annoying phone calls and "security" crap like going on a website and doing captchas, receiving 6 digit codes through SMS, whatever new security theater fad is current like spinning around in front of a camera, etc then you get your account re enabled.
i read through most of the article and could not find discussion of such an obvious question
do you get to re-open your account after they realize they're wrong? does this actually affect credit scores? big if true. i realize this is probably just a bug due to security theater with unwillingness to fix the bug being part of the security theater.
we already knew the bank polices every single transaction we make (which is absolutely intolerable and should be illegal, along with most of the credit system which is also just surveillance), but closing accounts in any meaningful way would be new.
and this is another dipshit article that doesn't actually even name the problem. instead they point to unprovable discrimination as usual. NO. the problem is that what someone does with their money is a private matter, like none of your fucking business. there wouldn't be any discrimination if the bank just was a real product and not a one sided """relationship""" which is just code for "we shove our noses into every transaction you make for your own good, loser".
what i imagine is that in actuality what actually happens is you have to do a bunch of annoying phone calls and "security" crap like going on a website and doing captchas, receiving 6 digit codes through SMS, whatever new security theater fad is current like spinning around in front of a camera, etc then you get your account re enabled.