Over 54% of U.S. banking customers are using a combination of FinTech tools for viewing and managing their financial accounts, sending and receiving money, paying bills, tracking and analyzing their spending, creating and updating a budget, paying off debt, saving, and investing. Yet most of these FinTech users—80%—are unaware that financial apps and other data aggregators often store consumers’ bank account login credentials, enabling the apps to access users’ account information at any time. Or that users are subject to “terms and conditions” that typically limit the app company’s liability in the event of a data breach exposing sensitive account information.
Join us when Consumer Action will host a free webinar, Share Financial Data with Care—a training that will focus on expanding consumer awareness of financial data sharing practices. The webinar will feature presentations by Ben Isaacson, senior vice president of product strategy at The Clearing House; Linda Jun, senior policy counsel for Americans for Financial Reform; and Erin Ross, digital product manager for PNC.
The webinar will cover: