An estimated three in four accounts with financial groups like First Direct, CallCredit, and Experian both track and log precise data about users’ monthly income, The Telegraph reports. While a representative for CallCredit maintained that banks were “very clear” about its data collection and storage practices, organizations like First Direct only used “a vague reference on page 42 of a 49-page document relating in general terms to sharing of data,” the report states. “The proliferation of information about our habits, movements and personal networks raises a wider unease about what this information is for, and whether we will ultimately benefit from its being stored and traded,” the report adds.
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