I was just reading a privacy policy for Chime Bank and I am pretty shocked at the level of privacy that is violated. It’s not just fintech’s… it’s banks, phone and internet service, medical records, etc. How can a bank share and sell our account balance and transaction history? They don’t even have the decency in the disclosure to list who specifically they are sharing and selling our information to. It’s the least they could do…is stop being fucking shady and secretive. Why are we letting this shit go on?
What has happened to privacy?
r/ask
Comments
Doctor’s offices do this too. They sell your personal private information to marketing companies. This is often included in the forms you sign at check-in. But almost nobody reads those forms, or the office just gives you an electronic black box to sign for this without reading anything at all.
Well we all agree to it that’s the problem we need to start boycotting all the shit that bothers us
Your medical records definitely cannot be shared, at least in the US. That is a major violation of HIPPA.
I mean, that’s no worse than giving your money to somebody so they can invest it in ways to intentionally disenfranchise you and work against your interests, which is what holding your money in a bank is to begin with.
The whole “don’t lend money that you can’t stand to lose” rule applies to banks too, especially so. ANY money you put in the bank should be treated as what it is, giving something away and hoping they’re nice enough to give it back later, if they even still happen to have it by the time “later” comes around
The credit reporting bureaus also sell your info
You receive mail and phone calls if you open an account, close an account, pay late, increase a credit line, etc
This does not apply to me, but the advice i heard one day was:
to Not use a cc for tobacco and alcohol purchases because your medical insurer may buy that info and deny a claim after somebody has been buying for decades and the insurer has a copy of the transactions
>They don’t even have the decency in the disclosure to list who specifically they are sharing and selling our information to.
They don’t even know who they are selling it to. It’s like an auction where the buyer gets your info, but the auctioneer gets to keep it and sell it again too.
I remember when you could just live your life and not worry about every app on your phone knowing where you went, what you bought, and how long you stared at a picture of a dog in a costum. Now it’s like you search for socks once, and suddenly you’re being stalked by sock ads for a week straight. And don’t even get me started on social media. We put our whole lives out there without even thinking. Birthdays, relationships, places we’ve been, all out in the open.
With people like Zuckerberg and Bannon in the world, there is no privacy.
Society fully progressed past it.
What are you going to do about it now? Stop using products and services? Literally all of the companies figured out people don’t actually care enough to and it makes them money. You willfully chose it when you bought a cell phone, when you signed up for the discount card at CVS, etc. etc. etc. It’s convenient and you get coupons so everyone just said fuck privacy. With modern tech it’s so easy and unobtrusive and honestly convenient. People still don’t like the idea that the government and advertisers know what your favorite personal lubricant is and how often you buy it but 99% of people just don’t even think about it.
The consumer financial protection bureau (CFPB) among other things seeks to limit how much personal information that financial services firms can share about you.
https://www.consumerfinance.gov/about-us/blog/what-to-consider-when-sharing-your-financial-data/
Trump is working hard to eliminate all of these protections and eliminate the CFPB.
https://www.banking.senate.gov/newsroom/minority/warren-trump-musk-attack-on-cfpb-one-of-biggest-cons-on-the-american-people-in-recent-history