Change record
CA-C-002974
SoFi Privacy Notice
Entity
Date detected
June 15, 2026
Effective date
June 15, 2026
Severity
Direction
Positive
Taxonomy
Disclosure requirement change
Changes
+3 sentences added · −3 sentences removed · 13 sentences modified

Impact Summary

Medium Positive for users
Affected users
All users EU users California residents

SoFi updated the presentation and structure of its cookie consent notice on June 15, 2026. The previous version used simple language stating that SoFi shares tracking data with partners and that non-selection constitutes agreement to tracking technologies. The updated version introduces a Privacy Preference Center with categorized cookie types (Functional, Performance, Targeting, Strictly Necessary), explicit descriptions of each cookie category's purpose, and a more granular consent interface allowing users to toggle different cookie categories on and off. Strictly Necessary Cookies remain non-optional and cannot be disabled.

1 obligation expanded 1 protection removed

Consumers: You now have finer-grained control over which types of tracking cookies to allow, rather than accepting or declining all at once.

Consumers: SoFi no longer treats your inaction as consent; instead, you must actively select which cookies to allow.

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What this means for you

The updated terms restructure how SoFi discloses and collects consent for tracking technologies. Previously, SoFi stated that non-selection of preferences constituted acceptance of tracking. The updated version creates distinct cookie categories (Functional, Performance, Targeting, Strictly Necessary) and establishes a Privacy Preference Center allowing you to individually toggle Performance and Targeting cookies on or off. Strictly Necessary Cookies remain non-optional and cannot be disabled, as the updated terms state these are necessary for website functionality. You can manage individual cookie category preferences through the Privacy Preference Center interface before or after initial site visit.

What you can do

Visit the Privacy Preference Center upon initial site visit and toggle Performance and Targeting cookies on or off according to your preferences.

Note that Strictly Necessary Cookies will remain active regardless of your preferences to enable core site functionality.

Return to the Privacy Preference Center at any time by clicking the 'Manage Consent Preferences' button to change your cookie category selections.

Historical Context

This is the 3rd significant Disclosure Requirement Change change SoFi has made since ConductAtlas began monitoring.

ConductAtlas has recorded 10 material changes to this document over 54 days of monitoring (since April 2026). An additional minor or cosmetic changes were excluded.

Across all monitored documents, SoFi has made 22 significant changes.

14 of SoFi's significant changes have been classified as negative for consumers.

Key Clauses Affected

Privacy Preference Center

Introduces granular, category-level cookie management allowing users to toggle Performance and Targeting cookies independently while Strictly Necessary Cookies remain non-optional.

Consent by inaction removal

Removes language treating non-selection as agreement to tracking; replaced with explicit opt-in/opt-out interface for non-essential cookies.

Strictly Necessary Cookies non-optional

Clarifies that Strictly Necessary Cookies cannot be disabled and remain always active for site functionality.

Full clause-by-clause analysis available with Insight.

This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology

Evidence Verification

✓ Verified
Previous Version
5fc029c95e40914338612261d48e32ae5ac93da471206b6efc370c37518f5879
June 12, 2026 00:14 UTC
✓ Verified
Current Version
fa45dcc9c647d973f1c0a652eff06fb88dcb2d623a771c397c8db30ddff1b2d1
June 15, 2026 08:42 UTC
✓ Verified
Change Detected
June 15, 2026 08:42 UTC
Analysis Methodology
✓ Verified
Source Document
https://www.sofi.com/privacy-policy/
Citation Record
Entity: SoFi
Document: SoFi Privacy Notice
Record ID: CA-C-002974
Captured: 2026-06-15 08:42:12 UTC
URL: https://conductatlas.com/change/2026-06-15-sofi-sofi-privacy-notice-2974/
Accessed: July 31, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
For legal and compliance teams

Institutional Analysis

Assessment

SoFi restructured its cookie consent mechanism on June 15, 2026, moving from a simple acceptance-by-inaction model to a granular Privacy Preference Center with category-level toggles. This change likely reflects evolving requirements under GDPR, ePrivacy Directive, …

🔒 Full institutional analysis

Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.

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ConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-002974.

Full Changes

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Document Context

Version history → Policy drift analysis → Document page →
Document
SoFi Privacy Notice
Entity
SoFi
Captured
June 15, 2026
Source URL
https://www.sofi.com/privacy-policy/
Other changes to SoFi Privacy Notice
Previous change Jun 12, 2026
SoFi's Privacy Notice was updated on June 12, 2026 to revise how the company describes cookie and tracking technology practices. …
Medium Neutral
Next change Jun 17, 2026
SoFi updated its privacy preference center to provide more detailed disclosure about tracking technologies and user control mechanisms. The revised …
Low Neutral
View full version history →
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