A financial technology company that provides point-of-sale installment loans and buy-now-pay-later services, allowing consumers to split purchases into scheduled payments over time. The company's policies are significant for consumers as they govern loan terms, interest rates, payment schedules, credit reporting practices, and how personal financial data is collected and shared with merchants and credit bureaus.

2 Documents
16 All provisions 1 High severity 10 Medium severity 5 Low severity
3 Changes · 12 mo
Jun 3, 2026 Last change

High — provisions that significantly limit your legal rights, authorize broad data collection, or create material financial exposure. Medium — provisions worth knowing about but with partial protections or limited scope. Low — standard terms with minimal consumer impact.

Governance Coverage
Privacy Rights
8 provisions · 6 med
Data Sharing
4 provisions · 1 high · 3 med
Data Collection
2 provisions · 1 high · 1 med
Consent
2 provisions · 2 med
Legal Jurisdiction
2 provisions · 1 med
Arbitration
2 provisions · 2 high
Enforcement Actions
1 provision · 1 med
Account Control
1 provision · 1 med
Data Retention
1 provision · 1 med
Liability Limitation
1 provision · 1 med
Quick Facts
Arbitration: Mandatory
Data Retention: Specified
Class Action: Waived
Key Governance Provisions
High Mandatory Arbitration and Class Action Waiver

Class actions allow many consumers to collectively challenge a company's practices; by waiving this right, each consumer must individually pursue arbitration, which is often more burdensome and costl…

High Data Sharing with Merchant Partners

The provision establishes the operational basis for data disclosure throughout the transaction lifecycle. It defines the scope of permissible sharing by reference to functional requirements—transacti…

High Mandatory Arbitration & Class Action Waiver

The clause establishes binding arbitration as the exclusive dispute resolution mechanism for most disagreements between users and Affirm, with the procedural effect of removing access to class action…

High Sharing with Credit Bureaus and Consumer Reporting Agencies

The clause establishes a standard credit reporting mechanism that connects loan performance data to the consumer credit reporting system. This authorization enables credit bureaus to incorporate Affi…

High Third-Party Advertising Tracker Deployment

The provision establishes the operational infrastructure for data collection and ad targeting by external vendors, enabling Affirm to monetize user behavioral data through advertising partnerships wh…

Document Coverage
Privacypolicy Termsofservice
Last change detected: Jun 3, 2026 Changes (12 months): 3 Documents monitored: 2 Provisions tracked: 16
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Documents

Affirm Privacy Policy

Medium

This policy establishes Affirm's data collection, use, and disclosure practices for users of its buy-now-pay-later lending platform. Affirm collects and processes personal, financial, and behavioral data including loan information, device …

Last updated March 24, 2026 · Privacy policy
8 provisions 4 versions captured 1 significant change Version history →

Affirm Terms of Service

High

This document establishes the terms of service governing Affirm's buy-now-pay-later loans and payment products. The agreement requires that disputes be resolved through individual arbitration rather than class action litigation, with …

Last updated March 24, 2026 · Terms of service
8 provisions 4 versions captured Version history →

Recent Changes

June 3, 2026 · Affirm Privacy Policy Medium

Affirm substantially expanded its Privacy Policy on June 3, 2026, adding over 200 sentences of new disclosure and structural content. The updated policy explicitly identifies Affirm as a financial institution …

View change record →
📈 Policy Drift Analysis View all changes →

High Severity Provisions (1)

View all high severity provisions → Compare Affirm with other platforms →

Applicable Regulations

CCPA/CPRA
California, USA
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CFAA
United States Federal
View official text ↗
Connecticut Data Privacy Act Amendments
US-CT
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CAN-SPAM
United States Federal
View official text ↗
EFTA / Reg E
United States Federal
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ePrivacy Directive
European Union
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FCRA
United States Federal
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FAA
United States Federal
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FTC Act Section 5
United States Federal
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GDPR
European Union
View official text ↗
GLBA
United States Federal
View official text ↗
Indiana Consumer Data Protection Act
US-IN
View official text ↗
Kentucky Consumer Data Protection Act
US-KY
View official text ↗
TCPA
United States Federal
View official text ↗
Universal Opt-Out Mechanism Expansion 2026
US
View official text ↗

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Frequently Asked Questions

What Affirm documents does ConductAtlas track?

ConductAtlas tracks 2 Affirm documents including terms of service, privacy policy, and other governance documents. Every document is captured daily with cryptographic verification.

How many policy changes has Affirm made in the past year?

Affirm has made 3 policy changes in the past 12 months across the documents ConductAtlas tracks.

How many provisions has ConductAtlas classified for Affirm?

ConductAtlas has classified 16 provisions across Affirm's tracked documents. 1 are rated high severity, 10 medium, and 5 low.

Can I get alerts when Affirm changes their policies?

Yes. Monitor subscribers ($19/month) can add Affirm to their watchlist and receive same-day email alerts whenever any tracked document changes.