Apple financial partner Green Dot slapped with millions in fines over hidden fees

chasm said:

Luis.A.Masanti said:
quote: “Green Dot Bank, an Apple financial partner for Apple Cash and other services, has been fined $44 million by the Federal Reserve over its tax-preparation service. The penalty is unrelated to its role in any Apple services.”

The title of this article is the highest level of page view harvesting!
It is not false… but has nothing to REALLY do with the news!

1. If Apple is using an at-least-sometimes unethical company that has access to YOUR financial data, you wouldn't want to know this? Really?
2. "Page view harvesting" appears to work especially well on YOU, doesn't it?

In point one is a wild exaggeration. Green Dot is responsible for Apple Cash. Apple Cash is only available in the U.S. and is opt in. Since the majority of iPhone users don't live in the U.S. Green Dot is completely irrelevant. Further the only people that Green Dot gets info on are people that opt in to using Apple Cash. 

So, for the group of people that do use Apple Cash, what information does Green Dot get? Per Apple;

"

It isn't a whole lot. Hardly my "financial data", my finical data includes laundry list of things like account balance at various institutions, credit score, income and any debt I may carry (credit card, loans, mortgage).

So what about how I am spending my money or whom I am sending it too? Again, from Apple:

All of the good stuff doesn't go to them, it stays with Apple Payments Inc. 

So, let's tone down the hair on fire rhetoric and stick with what is actually happening.