MoneyLion
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Source provenance
Verified official sourceWhat changedMaterial language shifts detected around cancel, arbitration, class action, privacy. 100 new line(s), 134 removed line(s).
Snapshot hash 1a96a115716388526f3ffc6eac8b612cb3334888e821d76f930140fcf71d6aee
Snapshot of the source text at fetch time, not a live mirror of the policy page.
Plain-English summary
MoneyLion's terms include mandatory arbitration with class action and jury trial waivers, limiting users' legal recourse (risk_flags-1). MoneyLion can unilaterally change services or terminate accounts without prior notice (risk_flags-2) and may use user-posted content for marketing without compensation or prior approval. Users are held responsible for all activity on their accounts, even if unauthorized (risk_flags-4), and any content they post is considered non-confidential (risk_flags-5). MoneyLion disclaims responsibility for third-party offers and any information users share with those parties (risk_flags-6), and limits its liability for certain types of damages (risk_flags-7). MoneyLion and its partners have broad authorization to use and share user financial data for various purposes, including marketing (data_use-1). Non-material changes to the terms become effective immediately upon posting, with continued use signifying acceptance (gotchas-1).
90% confidence
Potentially harmful practices to be aware of.
By agreeing to the terms, users become subject to an arbitration provision that includes class action and jury trial waivers.
Mandatory arbitrationClass-action waiver
Why it matters: Users waive their right to participate in class action lawsuits and jury trials, instead being bound by an arbitration provision.
BY AGREEING TO THESE TERMS, YOU WILL BECOME SUBJECT TO AN ARBITRATION PROVISION WITH CLASS ACTION AND JURY TRIAL WAIVERS.
MoneyLion reserves the right to make changes to how it operates its business, including adding new services, modifying existing services, or suspending, discontinuing, or terminating user access to any or all portions of its services, at any time, in its sole discretion, and without notice to the user.
Why it matters: MoneyLion can stop providing all or part of its services or terminate user access without telling users beforehand.
We reserve the right to make changes to how we operate our business, including to any portion of the MoneyLion Platform, including adding new Services, modifying existing Services, or suspending, discontinuing, or terminating your access to any or all portions of our Services, at any time, in our sole discretion, and without notice to you.
Users are responsible for all activity that occurs under their MoneyLion Account, including any activity by unauthorized users.
Why it matters: Users are held liable for any actions taken using their account, even if someone else used it without permission.
You are responsible for all activity that occurs under your MoneyLion Account, including any activity by unauthorized users.
If users post User Content to or through the MoneyLion Platform, their RoarTag and any other User Content they provide may be visible to other users. All User Content will be considered non-confidential.
Why it matters: Any content users post on the platform, including their unique identifier (RoarTag), may be visible to others and will not be treated as private.
You acknowledge that if you post User Content to or through the MoneyLion Platform, your RoarTag and any other User Content you provide may be visible to other MoneyLion users. All User Content will be considered non-confidential.
MoneyLion does not provide, warrant, or guarantee any Third-Party Offer, and is not responsible for any information shared with third-party partners in connection with such offers.
Why it matters: MoneyLion disclaims responsibility for third-party offers, including their accuracy, and for any information users choose to share with those third parties.
We are not responsible for any information that you agree to share with third-party partners in connection with any such Third-Party Offers.
MoneyLion and its related entities, officers, employees, agents, contractors, successors, or assigns are not liable for any indirect, consequential, exemplary, incidental, or punitive damages, including lost profits, except where prohibited by law.
Why it matters: Users cannot claim certain types of damages, such as indirect or punitive damages, even if MoneyLion was aware of the possibility of such damages, which limits the user's ability to recover certain losses.
EXCEPT WHERE PROHIBITED BY LAW, NEITHER MONEYLION, NOR ITS RELATED AND AFFILIATED ENTITIES, NOR EACH OF ITS OR THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, CONTRACTORS, SUCCESSORS OR ASSIGNS OF EACH, SHALL BE LIABLE TO YOU FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL OR PUNITIVE DAMAGES, INCLUDING LOST PROFITS, EVEN IF MONEYLION HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
How your information is collected, used, and shared.
Users authorize MoneyLion, its service providers, and non-affiliated third-party partners to use, display, or distribute Account Data for any of its Services, including to operate, provide, administer, develop, enhance, improve, measure, personalize, and market the Services or other products/services. This includes using Account Data and Consumer Report Data to determine eligibility for Services where a "permissible purpose" exists under the FCRA.
Why it matters: Users' financial account information and consumer report data can be broadly used and shared by MoneyLion and its partners for service operations, personalization, marketing, and to assess eligibility for other products.
you authorize MoneyLion, its service providers and any of our non-affiliated third-party partners to use, display or distribute any of the Account Data for any of our Services, including to operate, provide, administer, develop, enhance, improve, measure, personalize and market the Services or any other products or services that may be available to you through the MoneyLion Platform. You also authorize MoneyLion and its third-party partners to use Account Data, and Consumer Report Data, where “permissible purpose” exists under the FCRA, in order to determine your eligibility for any Services that may be provided by or through MoneyLion.
Terms related to ending your service or account.
MoneyLion may suspend or terminate a user's MoneyLion Account and/or deny access to the MoneyLion Platform or any services, without prior notice, if the user engages in any conduct that MoneyLion believes, in its sole discretion, violates the terms, its rights, third-party rights, fails to comply with laws, or is inappropriate.
Unilateral amendmentAccount termination without notice
Why it matters: MoneyLion can unilaterally close a user's account or restrict access to services without warning if they deem the user's conduct to be in violation of their policies or inappropriate.
We may suspend or terminate your MoneyLion Account, and/or deny you access to use the MoneyLion Platform, or any of our Services, without prior notice, if you engage in any conduct that we believe, in our sole discretion: (1) violates any part of these MoneyLion Terms, (2) violates our rights or those of third parties, (3) fails to comply with any laws or regulations, or (4) is inappropriate.
Potentially overlooked clauses that could be unfavorable.
If changes to the MoneyLion Terms do not materially modify user rights or obligations, they will be effective when posted on any part of the MoneyLion Platform. Continued use of the platform after posting changes means acceptance and agreement to the changes.
Why it matters: Users are bound by non-material changes to the terms as soon as they are posted online, without explicit notification, by simply continuing to use the service.
If the changes do not materially modify your rights or obligations, they will be effective when posted on any part of the MoneyLion Platform, and your continued use of the MoneyLion Platform after the posting of any changes to these MoneyLion Terms will mean that you accept and agree to the changes.
User-friendly policies and features.
Users can unsubscribe from promotional email communications at any time by following the unsubscribe instructions in the email messages they receive from MoneyLion.
Why it helps: Users have control over receiving marketing emails and can easily opt-out.
You can unsubscribe from promotional email communications at any time. To stop receiving our promotional emails, follow the unsubscribe instructions in the email messages you receive from us.
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