They have no choice. There's no regulation around this so companies are forced to be transparent and convince their users they're legit.
We're just not used to companies being transparent because contracts around regulated industry are enforced by the force of law (threats of fine, imprisonment or violence).
We could have many more companies being transparent if only we didn't give them a way to use the force of law to convince users they're covered (think Bank of America and FDIC for instance. I'd rather Bank of America had to prove to me their investments are sound etc)
They have no choice. There's no regulation around this so companies are forced to be transparent and convince their users they're legit.
We're just not used to companies being transparent because contracts around regulated industry are enforced by the force of law (threats of fine, imprisonment or violence).
We could have many more companies being transparent if only we didn't give them a way to use the force of law to convince users they're covered (think Bank of America and FDIC for instance. I'd rather Bank of America had to prove to me their investments are sound etc)