Thinking about changes in life and technology

MarkinPhx said:
I would go one step beyond that and say that credit bureaus have as much power. There will be a time soon that someone could have $10 million in cash but if all they did was spend cash and not build up a credit score then they have no worth to banks or financial intuitions. Perhaps an exaggerated scenario but close to the truth.
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@MarkinPhx , credit bureaus already have the power to affect your ability to get a decent loan or mortgage. And, if you don't have a credit card you won't be getting a car rental.
 

Ok... Have digital wallets already started...

My niece called me last night to tell me, her girlfriend got a letter from a Canadian Bank stating they were going digital. That all here monies in the bank will be digital... But it goes further that really upset her was if she refused that... She will be blocked from using her bank's ATM, Telephone baking, and the bank will now have permission to look and see where you are spending her money, and blocked from buying certain items... I don't know how much truth is to this, but she is NOT someone who makes things up... But it does sound like what they want to do with us to deal with digital wallets...
 
Nathan said:
@MarkinPhx , credit bureaus already have the power to affect your ability to get a decent loan or mortgage. And, if you don't have a credit card you won't be getting a car rental.
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that's true here ... but you can have credit cards galore,
mike4lorie said:
Ok... Have digital wallets already started...

My niece called me last night to tell me, her girlfriend got a letter from a Canadian Bank stating they were going digital. That all here monies in the bank will be digital... But it goes further that really upset her was if she refused that... She will be blocked from using her bank's ATM, Telephone baking, and the bank will now have permission to look and see where you are spending her money, and blocked from buying certain items... I don't know how much truth is to this, but she is NOT someone who makes things up... But it does sound like what they want to do with us to deal with digital wallets...
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I'm surprised none of our Canadian members have reported that ...or the Media....
 

hollydolly said:
that's true here ... but you can have credit cards galore,

I'm surprised none of our Canadian members have reported that ...or the Media....
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So true @hollydolly ... but talking to Lorie, they were part of the trucker's convoy in Ottawa last year... Maybe the government is catching up on them and threatening to lock up the bank accounts they did with other truckers... As I said, I'm going to dig deeper into it...
 
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