MODA - NEW database shares customers finances in real time

Anyone heard of MODA? Call Credits new database that shares customer's credit / financial information in real time.

I wonder how quickly financial information is shared? Currently, many lenders reports several weeks [or even up to a couple of months, sometimes] to show on some CRA's such as Experien.

MODA appears to want lenders to have to customer's financials, credit card spending, payments etc etc in real time.

I wonder if this sort of real time surveillance is good or bad for customers? Not only are monthly reports submitted to CRA's but now they have real time access to what we're doing right now.

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