[YeGoblynQueenne]

>> e.g. remove authorization for that annoying magazine company that charges me every month for that Better Homes and Gardens magazine I never ordered.

If you're banking in an EU country there will be a process to stop your account from being continuously charged for a service you did not purchase. For instance, in UK banks this is usually a standind order or direct debit, which you can cancel at any time.

In any case it's hard to see how making your account information available to third parties is going to protect you against this kind of thing.