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This analysis describes what Affirm's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The updated Privacy Policy establishes that Affirm qualifies as a financial institution under the Gramm-Leach-Bliley Act, meaning personal information collected in connection with Affirm services is governed by federal banking law rather than applicable state privacy laws. The policy now explicitly discloses collection of identity and profile information including full name, date of birth, Social Security number, email, mailing address, phone number, and password. The updated terms also disclose new data sharing arrangements with fraud prevention, identity verification, and risk intelligence providers, which were not previously detailed. You can contact Affirm's privacy team using the phone number provided in the updated policy to exercise data privacy rights.
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These Terms are governed by the laws of the State of California, without regard to conflict of laws rules, and the proper venue for any disputes arising out of or relating to any of the same will be the arbitration venue set forth in Section 9, or if arbitration does not apply, then the state and fe...
You and we agree that the U.S. Federal Arbitration Act governs the interpretation and enforcement of this provision...
This Agreement is governed by the laws of New York without reference to conflicts of law rules.
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"Affirm is considered a "financial institution" under GLBA, and as such, the collection and use of NPI is governed exclusively by federal law, not applicable state privacy laws.Excerpt from Affirm's Privacy Policy
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The clause states: “Affirm is considered a "financial institution" under GLBA, and as such, the collection and use of NPI is governed exclusively by federal law, not applicable state privacy laws.”
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