But is Plaid?
And banks do sell account balance data, they also sell credit and debit transaction history
Or any of those budgeting apps that integrate with your bank account.
For that, this very biased training set. And almost always the independent variables used for modeling are 7-10 standard demographics.
Plaid’s business model is — Company A needs a consumer’s data from Bank B. Plaid takes the consumer’s banking credentials, gets the data, and sells it to Company A.
At no point in this process does Plaid go and sell this data to another unrelated Company C. The lawsuit cited was about Plaid not sufficiently explaining its position between Company A and Bank B to the consumer. It was not about Plaid going and selling the data to the highest bidder.
A few food companies have failed due to poor quality control: https://www.thestreet.com/retail/another-popular-ice-cream-b...
In fact, many companies go bankrupt every year: https://en.m.wikipedia.org/wiki/Bankruptcy_in_the_United_Sta...
There's hundreds of regulatory actions taken by governments per year. That's "consequence" by definition.
