[ncallaway]

The EU has an open banking API regulation that requires banks to make such an API available, without having to do password sharing.

https://www.bloomberg.com/professional/blog/europes-new-api-...

There's no reason (beyond the general dysfunction of our legislature) that the US couldn't pass a similar law. Failing to do so is holding back out banking industry and making us all dramatically less secure.

We desperately need to mandate banks provide this kind of access. It's absolutely ludicrous that I don't have a way to give various services READ-ONLY access to my bank account information. It seems intolerable to me that I would have to give WRITE access to Plaid for them to enable someone to categorize my transactions.