Bank of America shares your information with companies it owns or controls so they can market their products to you, and you can opt out of this specific use of your data.
This analysis describes what Bank of America'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
Without opting out, affiliated Bank of America companies such as Merrill Lynch or other subsidiaries may use your banking data to target you with marketing for their own products.
Your personal financial information may be used by Bank of America's affiliated companies to market investment, insurance, or other financial products to you unless you actively opt out.
How other platforms handle this
If you are a California resident, you have the right to: Know what personal information is being collected about you; Know whether your personal information is sold or disclosed and to whom; Say no to the sale of personal information; Access your personal information; Request deletion of your person...
Depending on where you live, you may have certain rights with respect to your personal information, such as the right to request access, correction, or deletion of your personal information, or to opt out of the sale or sharing of your personal information. If you are a California resident, you have...
At Ledger, earning and maintaining our users' trust is a top priority. That's why we are deeply committed not only to protecting your privacy and securing your personal data, but also to being fully transparent about how we handle it.
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"Reasons we can share your personal information: For our affiliates to market to you. Does Bank of America share? Yes. Can you limit this sharing? Yes.— Excerpt from Bank of America's Bank of America Privacy Notice
REGULATORY LANDSCAPE: Sharing consumer financial information with affiliates for marketing purposes is governed by GLBA's affiliate marketing provisions and the FTC's implementing rules (specifically the Affiliate Marketing Rule under the Fair Credit Reporting Act for credit-related data). The CFPB enforces GLBA's Regulation P requirements. Where shared data includes consumer report information, FCRA Section 624 opt-out requirements may also apply. GOVERNANCE EXPOSURE: Medium. Affiliate marketing sharing is a standard industry practice in diversified financial services groups, but the breadth of the Bank of America corporate family (including Merrill Lynch and other subsidiaries) means that the volume and variety of data flowing under this provision is significant. Compliance programs should track which affiliates are receiving what data types. JURISDICTION FLAGS: California's CFIPA may impose additional restrictions on affiliate marketing use of financial information beyond GLBA and FCRA requirements. Illinois and New York consumers may have additional state-level protections depending on the data types involved. CONTRACT AND VENDOR IMPLICATIONS: Affiliate data sharing agreements should specify that data received under the affiliate marketing exception is used only for the disclosed marketing purpose and not combined with other data sources in ways not disclosed in this notice. COMPLIANCE CONSIDERATIONS: Compliance teams should audit the affiliate marketing opt-out process to confirm elections are captured, recorded, and enforced across all relevant affiliated entities. The notice should be reviewed to confirm that affiliate marketing use of credit-related data separately satisfies FCRA Section 624 opt-out requirements where applicable.
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Without opting out, affiliated Bank of America companies such as Merrill Lynch or other subsidiaries may use your banking data to target you with marketing for their own products.
Your personal financial information may be used by Bank of America's affiliated companies to market investment, insurance, or other financial products to you unless you actively opt out.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Bank of America.