andrew writes:
"Alternet.org reports recent updates to terms of conditions for Bank of Americas cell phone app and Capital Ones new credit card contract have given banks unsettling new abilities. These privileges include the authority to access to your phone microphone and camera or even showing up at your workplace and home unannounced at any time.
From the the article:
We're witnessing a new era of fascism, where corporations are creating intrusive and over-bearing terms and conditions that customers click to agree to without even reading.
As a result, corporations in America have acquired king-like power, while we're the poor serfs that must abide by their every rule or else."
(Score: 1) by Wootery on Tuesday February 25 2014, @06:47AM
You can't get by without a bank - but you can get by without THAT bank.
Right, but this assumes a level of variation which might not always exist. You can move banks today, but tomorrow when all the banks are doing it, you'll be in a tough spot.
Please remember that this is not a US-specific site. If the banks in Europe tried that they wouldn't last very long.
Indeed, probably not. (I'm not American, for what that's worth.)