(“There are differing interpretations of how regulations, such as the OCC’s Third Party Risk Management guidance, the GrammLeach-Bliley Act’s privacy and safeguard rules, and Regulation E liability limits, should be applied to data sharing between financial institutions and third parties like data aggregators and financial technology applications.”) See also JPMorgan Chase, “How You Can Protect Yourself,” (last visited October 18, 2017), www.chase.com/digital/resources/privacy-security/security/how-you-can-protect>; Liz Weston, “Why Banks Want You to Drop Mint, Other ‘Aggregators,'" Reuters, November 9, 2015, www.reuters.com/article/us-column-westonbanks/why-banks-want-you-to-drop-mint-other-aggregators-idUSKCN0SY2GC20151109.
Let me explain. First, the Panic of 2008 that exacerbated the recession is the result of a multitude of flawed private and public practices, with regulatory error being only one part. Some meaningful blame should be placed at the doorstep of regulators, here and abroad. But the investigation should not cease at the first signs of fault.