Warning Re: Bank of America Smartphone App.

FWIW:

"But McAfee did read the terms and conditions of the Bank of America smartphone application, and what he saw was pretty shocking.

McAfee told me that, by agreeing to the terms and conditions for the Bank of America application, "You give the Bank of America application, which is the remote banking application, the permission to turn on your phone and make phone calls at your expense and without telling you, to turn on your camera and microphone without telling you at any time, and to transmit pictures and sound files."

While you may not exactly be signing away your life to Bank of America, you're giving the big bank a great deal of access to your private life whenever it wants. That's pretty scary.

And Bank of America isn't the only big bank or corporation using terms and conditions to barge in on your private life.

Fellow big bank Capital One sent out a new contract update with new terms and conditions to its credit card holders."

http://www.truth-out.org/opinion/item/21949-the-new-fascism-terms-and-conditions

 

Scary stuff. But I am sure they will never mis-use their powers! Yea right!

 

For those who continued on to the linked article in my post above and read about Capital One:

" NEW YORK (CNNMoney)

Relax Capital One customers. The bank says it won't be showing up at your front door or office to collect on a delinquent credit card bill, even though rarely-read fine print in the bank's credit card rules allow it to do just that.

That fine print was getting a lot of attention Tuesday morning, after being highlighted by a columnist in the Los Angeles Times.

Capital One's rules state that customers can be contacted by mail, phone or email, as well as by "personal visit." They also say customers can be contacted "at your home or at your place of employment. "


http://money.cnn.com/2014/02/18/news/companies/capital-one-credit-card/index.html?hpt=hp_c2