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SoFi maintains a separate privacy notice specifically covering personal information collected from job applicants and candidates during the recruitment process.
This analysis describes what SoFi'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
A dedicated Employee Applicant Privacy Notice indicates that SoFi has identified applicant personal data as a distinct processing category governed separately from customer and user data, which is relevant for compliance with employment privacy laws and state-specific applicant data protections.
Interpretive note: The specific data practices, retention periods, and sharing arrangements governing applicant data are not described in this document and require review of the full Employee Applicant Privacy Notice.
The updated Privacy Notice explicitly discloses that SoFi collects user information through cookies, pixels, and other tracking technologies and shares this data with social media, advertising, and analytics partners. Previously, the policy described these practices in more general language. Under the revised terms, continued use of SoFi's website constitutes acceptance of these tracking and data-sharing practices unless the user actively makes selections in the Privacy Preference Center. You can use the preference center to opt out of optional tracking technologies, though strictly necessary cookies cannot be disabled.
View change record →The updated privacy notice explicitly discloses that SoFi uses pixels and tracking technologies to collect information about your actions and preferences, and shares this data with social media, advertising, and analytics partners. The revised consent interface distinguishes between strictly necessary cookies (which cannot be disabled) and optional cookies for performance and targeting purposes (which require affirmative consent). The terms state that if you do not make a selection, you agree to use of these technologies; you can opt out by toggling the button that appears to the right of each optional cookie category.
View change record →The updated terms establish a more permissive consent model for tracking technologies. Previously, the policy stated that users could 'choose not to allow some types of cookies' (opt-in structure). The revised language now states 'If you do not make a selection, you agree to our use of these technologies' (opt-out structure). This means that continued use of the website without affirmative rejection constitutes acceptance of cookies, pixels, and data sharing with advertising and analytics partners. The updated terms also explicitly disclose that SoFi shares collected information with 'social media, advertising, and analytics partners,' providing more specificity about data sharing destinations. You can decline the Privacy Preference Center or decline all optional tracking technologies through the updated preference settings.
View change record →The agreement identifies job applicants and candidates as a distinct category of data subjects governed by a separate notice rather than the general Online Privacy Policy or GLBA Consumer Privacy Notice. The specific data practices applicable to applicants are governed by that separate instrument and are not described in this landing page.
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"SoFi's Employee Applicant Privacy Notice explains SoFi's privacy practices regarding the personal information of job applicants and candidates.Excerpt from SoFi's Privacy Notice
1) REGULATORY LANDSCAPE: Employee applicant privacy notices engage federal and state employment privacy laws including the Fair Credit Reporting Act (for background checks), state biometric privacy laws such as the Illinois Biometric Information Privacy Act if biometric data is collected during hiring, and California's CPRA which includes specific provisions for employee and applicant personal information. The EEOC, state labor agencies, and state attorneys general are relevant enforcement authorities depending on the data practices described in the full notice. 2) GOVERNANCE EXPOSURE: Medium. The existence of a separate applicant notice is a recognized compliance practice, but the governance exposure depends on the substance of that notice including what categories of data are collected, how long they are retained, and with whom they are shared. State-specific applicant privacy laws impose varying obligations on disclosure, consent, and data retention. 3) JURISDICTION FLAGS: California applicants have rights under CPRA's employee and applicant provisions. Illinois applicants may have rights under BIPA if biometric data is collected. New York and other states with specific employment privacy statutes create additional compliance obligations. SoFi's footprint as a national employer creates a multi-jurisdictional compliance matrix for applicant data. 4) CONTRACT AND VENDOR IMPLICATIONS: Applicant data is frequently processed by third-party applicant tracking systems, background check providers, and assessment platforms. Vendor contracts for these services should be reviewed to confirm data use restrictions, retention limits, and compliance with applicable employment privacy laws. 5) COMPLIANCE CONSIDERATIONS: Legal and HR compliance teams should review the full Employee Applicant Privacy Notice to confirm it accurately reflects all current data collection and processing practices, is updated to reflect applicable state law requirements, and that the notice is delivered to applicants at the appropriate point in the recruitment process as required by applicable law.
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A dedicated Employee Applicant Privacy Notice indicates that SoFi has identified applicant personal data as a distinct processing category governed separately from customer and user data, which is relevant for compliance with employment privacy laws and state-specific applicant data protections.
The agreement identifies job applicants and candidates as a distinct category of data subjects governed by a separate notice rather than the general Online Privacy Policy or GLBA Consumer Privacy Notice. The specific data practices applicable to applicants are governed by that separate instrument and are not described in this landing page.
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