They mention credit history, so lets take financial records as an example.
Technically the complete list of things you have purchased is a record of interactions with your bank, but I think it's incredibly privacy violating for a bank to sell infomation about what products I buy.
Technically the docs to prepare a tax return is a now a record of an interaction with turbotax, but I don't think Intuit should be able to sell infomation about where I work, what charities I've donated too or what investments I have.
Being a "record of an interaction with a company" doesn't give the company the right to do what they want with it.
>Technically the complete list of things you have purchased is a record of interactions with your bank, but I think it's incredibly privacy violating for a bank to sell infomation about what products I buy.
Isn't it in almost every bank's ToS that they are not only allowed to do this, but expected to do this?
TBH, I wouldn't be surprised to hear about Intuit selling my financial data, either.
Banks in the US are required to provide a standardized privacy statement about what personal information they share, and whether you can limit it. There are meaningful differences between banks, so it's not at all true that "almost every bank" is as anti-consumer as possible. Some examples showing differences:
Every single one of those links (sans the Apple Card) says they, by default, share your payment/transaction history, account balances, income, SSN, and other data with affiliates for the express purpose of enabling those affiliates and/or third parties to market to you.
I didn't say that almost every bank is "as anti-consumer as possible". I said that almost every bank is allowed and expected to do this by default, which they are.
Technically the complete list of things you have purchased is a record of interactions with your bank, but I think it's incredibly privacy violating for a bank to sell infomation about what products I buy.
Technically the docs to prepare a tax return is a now a record of an interaction with turbotax, but I don't think Intuit should be able to sell infomation about where I work, what charities I've donated too or what investments I have.
Being a "record of an interaction with a company" doesn't give the company the right to do what they want with it.