[mschuster91]

> And of course the most no brainer way to roll it out in a fragmented landscape of US is to let banks be Oauth2 providers, as they are already tasked with KYC stuff and have a license to lose.

That doesn't stop banks from pulling all kinds of shit with their customers' identity or what they believe to be that. The amount of credit scams possible in the US is mind-boggling for me as an European.

[Muromec]

I feel like the tolerance to fraud is just higher in US or something, as the alternative is being sent to GULAG right after having your federal id issued.

[marwis]

> That doesn't stop banks from pulling all kinds of shit with their customers' identity

Such as?

[mschuster91]

Wells Fargo employees for example got caught creating millions of accounts without the consent of the customers to meet unrealistic quota by their managers [1], and not just once, but at least three times (2016, 2018, 2023).

[1] https://en.wikipedia.org/wiki/Wells_Fargo_cross-selling_scan...