  The stringent correlations between flavour observables in models with CMFV
are consistent with the present data except for the correlation Delta
M_{s,d}-epsilon_K. Motivated by the recent work of Barbieri et al, we compare
the CMFV correlations with the ones present in a special class of models with
an approximate global U(2)^3 flavour symmetry, constrained by a minimal set of
spurions governing the breakdown of this symmetry and the assumption that only
SM operators are relevant in flavour physics. This analog of CMFV to be called
MU(2)^3 allows to avoid the Delta M_{s,d}-epsilon_K tension in question because
of reduced flavour symmetry and implied non-MFV contributions to Delta M_{s,d}.
While the patterns of flavour violation in K meson system is the same as in
CMFV models, the CP-violation in B_{s,d} meson systems can deviate from the one
in the SM and CMFV models. We point out a stringent triple S_{psi K_S}-S_{psi
phi}-|V_ub| correlation in this class of models that could in the future
provide a transparent distinction between different MU(2)^3 models and in the
context of these models determine |V_ub| by means of precise measurements of
S_{psi K_S} and S_{psi phi} with only small hadronic uncertainties. For fixed
S_{psi K_S} the correlation between B(B^+ -> tau^+nu_tau) and S_{psi phi}
follows. We also find that MU(2)^3 models could in principle accommodate a
negative value of S_{psi phi}, provided |V_ub| is found to be in the ballpark
of exclusive determinations and the particular MU(2)^3 model provides a 25%
enhancement of epsilon_K. A supersymmetric U(2)^3 model worked out in the
Barbieri-School appears to satisfy these requirements. However if B(B^+ ->
tau^+nu_tau)>1.0 10^{-4} will be confirmed by future experiments only positive
S_{psi phi} is allowed in this framework. We summarize briefly the pattern of
flavour violation in rare K and B_{s,d} decays in MU(2)^3 models.
