Wednesday, May 28, 2008
"Your privacy is important to us. We'll take all we can."
I got a card in the mail from a company I'd done business with, one time.
On the front it says: "Your right to privacy is not a matter we take lightly." But do they ever take it.
On the other side it says (emphasis added):
"We collect nonpublic personal information about you from the following sources:
"(a) information we receive from you on applications or other forms; (b) information about your transactions with us; (c) information we receive from consumer reporting agencies.
"We may disclose all the information we collect to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements. … Otherwise, we do not disclose any nonpublic personal information about you (or about any current or former customer) to anyone, except as permitted by law. We restrict access to nonpublic, personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information."
In plain English: "We give every mite of your personal information in our possession to anyone and everyone we have a marketing agreement with. Your personal information is restricted to people who want to know as much as they can about you so they can sell you things. Unfortunately, there are certain federal regulations that we are forced to comply with so we don't get into trouble."
Thanks for reassuring me.