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
Data Sharing
26 provisions · 8 high · 16 med
Privacy Rights
23 provisions · 2 high · 15 med
Data Collection
19 provisions · 7 high · 11 med
Contract Terms
18 provisions · 7 high · 9 med
Liability Limitation
14 provisions · 3 high · 8 med
Other
10 provisions · 1 high · 8 med
Arbitration
10 provisions · 5 high · 4 med
Account Control
9 provisions · 3 high · 4 med
Disclosure Requirements
9 provisions · 3 high · 2 med
Enforcement Actions
9 provisions · 8 high · 1 med
Quick Facts
Arbitration: Mandatory
AI Training: Disclosed (high impact)
Data Retention: Specified
Class Action: Waived
Key Governance Provisions
High Account May Be Closed on Consent Withdrawal

Withdrawing consent carries a consequential risk of losing access to the account and services, which may affect ongoing financial arrangements.

High Limitation of Liability for All Damages

This sweeping exclusion of liability covers virtually all categories of damages a user might seek, including direct and consequential losses, significantly limiting recourse against Affirm.

High AI Tool Transaction Treated as Authorized by User

Users bear full authorization responsibility for transactions executed by AI or automated tools on their behalf, including binding financing terms they may not have directly reviewed.

High Right to Opt Out of Mandatory Arbitration

The opt-out right is time-limited to 30 calendar days and requires a physical written notice, meaning failure to act promptly or use the correct method forfeits the right to opt out.

High Class Action Waiver in Arbitration

Requiring individual-only arbitration prevents users from joining together to pursue collective claims, which can significantly limit the practical ability to challenge Affirm's practices.

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

Affirm's Privacy Policy describes what personal information Affirm collects about you — including your Social Security number, bank login credentials, and payment card numbers — how it uses that information, …

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

Affirm Terms of Service

High

By accessing Affirm's website or using its services, you automatically agree to its Terms of Service and several other legal documents. Any transaction completed through an AI tool or automated …

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
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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
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GLBA
United States Federal
View official text ↗
Indiana Consumer Data Protection Act
US-IN
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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 ($4.99/month) can add Affirm to their watchlist and receive same-day email alerts whenever any tracked document changes.