Aug 6, 2008

Chase SUCKS!

I just received another of the many Privacy Policy statements I get regularly. This one from Chase (JP Morgan Chase, previously Bank One). The cover letter includes these choice lines:

  • We want you to know what we're doing to protect your privacy.
  • Your privacy is important to us and,
  • protecting your personal information is one of our top priorities.

I decided to thoroughly read the enclosed privacy policy. Here are some highlights.

Information they collect includes:

  • All details we enter on any form for them,
  • Account transactions and balances,
  • for good measure, they get additional information from credit bureaus.

What they do with this information:

  • They share it within their "family of companies"
  • They share it with their "service providers"
  • They share it with companies which have "joint marketing agreements"
  • They share it with "non-financial companies" including auto dealers, auto makers, direct marketers, membership clubs and publishers.

What are my options regarding this sharing:

  • Nothing. Actually, they state that I can fill out some forms but that they might still share my information "as permitted by law" anyway!

Again, from the cover letter they claim that this communication is to tell me:

  • We want you to know what we're doing to protect your privacy.
  • Your privacy is important to us and,
  • protecting your personal information is one of our top priorities


At no point do they mention ANY INFORMATION they they will NOT give out to ANY ORGANIZATION willing to pay them for it.


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