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Facebook is being accused of asking big banks for financial information

Francisco Saravia

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Stories of this kind with Facebook already seem like a commonplace. The gigantic amount of information stored by the company and the use of  the data its becoming more and more suspicious among users. This time, questions have been raised about alleged agreements with banks.

After the scandal of Cambridge Analytica and the movements against the company like #DeleteFacebook, a controversy is being generated again by the decision of Facebook to be linked with financial or banking entities. Why? The company would have asked for customer information.

According to a report by The Wall Street Journal, Facebook about a year ago was in talks with entities such as JPMorgan Chase, Wells Fargo & Co, Citigroup Inc and US Bancorp to provide a customer support service.

For this, the company would have asked the banks to share detailed financial information about their customers, including card transactions and current account balances, to “enhance” the virtual assistance provided by Messenger.

This generated alert in several users. Facebook said in the same report that “we are not using this information beyond that to enable these experiences (customer service).”

Also, in another report of the BBC, the company mentioned that “the data that the company agreed to for such purposes were not used for advertising” and that “users can always choose to link the Messenger application to their bank accounts. “

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I am a driven, curious, and innovative bilingual technologist and serial entrepreneur. Passionate about technology and how the web, social media, computer and mobile devices work together. Beta tester for Google Maps, WhatsApp, Snapchat, Google, Facebook, Instagram and Android System Webview which is driving progressive web apps & android instant apps. Co-Founder of FitTube, SpringfieldDaily & SpringfieldAuction + many more!

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LIVE | Springfield City Council committee of the whole Dec. 11th

Staff Contributor

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Follow along live with the Springfield City Council’s committee of the whole meeting for December 11th.

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Local

LIVE | Springfield City Council Meeting December 4th

Staff Contributor

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Follow along live with the Springfield City Council meeting for December 4th. There is a presentation by EmberClear about a proposed gas-fired plant.

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U.S.

Bustos’ American-made flag bill passes in the House

Thomas Clatterbuck

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In 2015, the Federal government spent $4.4 million on foreign-made American flags. Almost all of these flags, which were used by the Department of Defense, came from China. Illinois Congresswoman Cheri Bustos was appalled when she learned this from a veteran. Under current law, flags only need to be made of 50 percent American-made materials.

Bustos’ bill would require American flags purchased with taxpayer dollars be wholly produced in the United States. Yesterday, that bill passed the House. Bustos has been working on this issue for years; and this is not the first time her measure has made it out of the house.

HR 3121 will now go to the Senate to be voted on there.

You can watch Bustos’ speech in the player. You can read the bill here.

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