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12.20.19 Retailers using secret consumer scores; Clark Stinks

12.20.19 Retailers using secret consumer scores; Clark Stinks

FromThe Clark Howard Podcast


12.20.19 Retailers using secret consumer scores; Clark Stinks

FromThe Clark Howard Podcast

ratings:
Length:
38 minutes
Released:
Dec 20, 2019
Format:
Podcast episode

Description

Retailers now use third party data services to determine whether you get to return an item, regardless of their return policy. "Machine learning" big data companies are crunching data on us all different ways and issuing secret scores, very different from credit scores. The NYT reports on these outfits including Retail Equation, and one called Sift which analyzes 16,000 different factors on an individual to come up with a Sift score for sale. Clark has requested his data from one such company called Zeta Global. Many of these have operated in the shadows, only marketing to companies while stonewalling curious consumers. But California's new privacy law takes effect in January, giving consumers the right to access such data and have it removed. Some of the services are already complying nationwide. They're all terrified of states passing such statutes with differing requirements. We should have the right to control and delete dossiers on us. What happens when these companies get hit with data breaches and all our info is further exposed? Clark will share his requested data files, let you know what you need to access and what rights you have with your own data. Creepy that all these organizations are developing secret scores on us using their own methodologies. Where is privacy? It's not written into our Constitution because early America was so rural, connection was the goal. Privacy is a modern concept that now must be adopted as a national effort comparable to European privacy law which is working well. 

Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a "Clark Stinks" to share you can leave it here.
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Released:
Dec 20, 2019
Format:
Podcast episode

Titles in the series (100)

Save more and spend less is more than just a motto for money expert Clark Howard; it’s a way of life. Clark and his crew — Team Clark — are on a mission to empower people to take control of their personal finances by providing money-saving tips, consumer advice, hot deals and economic news to help everyone achieve financial freedom. Clark is a nationally syndicated radio talk show host and a consumer reporter for television stations around the country. His podcast, The Clark Howard Show, receives more than one million downloads each month and is a hub for listeners to get valuable advice on-demand any time. Clark answers questions on the most popular business and consumer topics including; how to buy a cars, financing a home, retirement planning, shopping for insurance and getting the most out of your savings. Join the conversation and submit your question to www.clark.com/askclark . Clark spearheads two free resources — Clark.com and ClarkDeals.com — to encourage consumers to save more, spend less and avoid ripoffs.