FDIC's account-linking proposal threatens financial privacy

 The Federal Deposit Insurance Corporation (FDIC) has issued for comment an Advance Notice of Proposed Rulemaking (ANPR) that will threaten financial privacy if it becomes an official regulation.  This regulation would cost the banking industry millions of dollars annually to implement without delivering any benefit whatsoever to the FDIC.  It is a solution looking for a problem to solve, which raises this question:  What is the real rationale for this proposal?