Hacker News new | ask | show | jobs
by seqastian 2556 days ago
Are banks even allowed to wipe your whole account record? They probably have to keep most of it for tax collectors.
1 comments

If they only kept the data that was necessary for legal compliance with tax regulations, they wouldn't have been fined. That's explicitly allowed. That they were fined suggests they just kept everything, far beyond what they had to keep.