Monday, Jun 24, 2013

At Last, Competition for the NSA and GCHQ

Telegraph: Barclays to sell on data from savers and track mobile phones

"Barclays Bank is to start selling data on its millions of current and savings account customers to other companies for the first time". Believe it or not, people are willing to pay to know how quickly you are paying off your mortgage! This information could be passed to government. Maybe they need to check on the Help to Buy scheme?

Posted by alan @ 09:24 AM (1495 views)
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3 Comments

1. libertas said...

This is why we've moved to Metro Bank. Branches open till 7pm, open Sunday, 24hr UK call center without automated system, access to the bank manager if loans are turned down, 11% interest rates on credit cards and fantastic safety deposit boxes. Could you ask for more? They even make you tea and coffee if you are sat down for any length of time with a representative!!

Monday, June 24, 2013 10:13AM Report Comment
 

2. libertas said...

It has long been known that banks send out spies to track folk who have defaulted on mortgages so that they can pounce on them soon as they get a job, to pay back what the banks risked and lost.

Monday, June 24, 2013 10:14AM Report Comment
 

3. alan said...

Well, we mustn't complain. We should always look on the bright side....

Maybe this is what Osborne means by "growth and innovation" in the UK economy. Moving spying away from central government into the private sector.

Maybe some of those "clients" don't need housing benefit after all....

Monday, June 24, 2013 11:00AM Report Comment
 

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