Privacy Policy?
I was reading an updated “privacy” policy that I received in the mail. I read the following:
Q. What choices do I have about information sharing?
A. We offer you the following two choices about sharing information that identifies you:
Choice #1. You may tell us not to share information about you with non-financial companies outside of our family of companies. Even if you do tell us not to share, we may do so as required or permitted by law. Also if you have authorized us to share information in connection with a particular product or service, we will continue to share information about you in connection with that product or service. For example, you might have a credit card with one of our airline, retail or university partners that offers rewards programs.
and
Choice #2. You may tell us not to share the following information about you within our family of companies:
Information from your applications to be used to determine your eligibility, such as your income.
Information from credit reports, such as your credit history.
Information from sources used to verify information you provide us, such as outstanding loans or employment history.Even if you do tell us not to share, we may share other types of information within our family. For example, we may share name and address, information about transactions or balances with us, as well as survey results.
So my choices are: Tell you not to share, and you ignore me and share info as long as it is legal, OR tell you not to share and you’ll share info if you feel like it. I’m wondering how long it’s going to be before privacy policies just say, “You’re not the boss of us. If you don’t like it, hoard cash.”
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