Your trust is our priority.
Broadway Bank's Privacy Policy details our commitment to safeguarding your personal and financial information. We explain data collection, usage, and sharing practices, alongside the security measures in place to protect your privacy and ensure compliance with relevant regulations.
At Broadway Bank, protecting your personal and financial information is a core principle of how we operate. We understand the trust you place in us when you choose us for your banking needs, and we are dedicated to maintaining that trust through transparent and secure data handling practices. Our privacy policy is designed to clearly outline our approach to data protection, ensuring you are aware of your rights and our responsibilities.
We adhere strictly to applicable privacy laws and regulations, including those set forth by federal agencies. This commitment extends to every interaction you have with Broadway Bank, whether in person, over the phone, or through our digital platforms. We continuously review and update our security protocols to guard against unauthorized access, disclosure, alteration, or destruction of your information, ensuring your data remains confidential and secure.
Broadway Bank gathers various types of information to provide you with banking services, manage your accounts, and fulfill legal and regulatory obligations. This information can include personal identifiers like your name, address, Social Security number, and contact details, as well as financial information related to your transactions and account balances. We collect this data through several methods:
The information collected by Broadway Bank is used for specific purposes, such as processing transactions, verifying your identity, detecting and preventing fraud, complying with legal requirements, and offering you relevant products and services. We do not use your information for purposes unrelated to our banking services without your explicit consent.
Broadway Bank takes the sharing of your personal and financial data very seriously. We do not sell your non-public personal information to third parties. Information is only shared with affiliates or non-affiliated third parties when necessary to provide banking services, as permitted by law, or with your explicit consent. Examples include sharing data with credit bureaus for loan applications, or with service providers who assist us in processing transactions or delivering statements, always under strict confidentiality agreements. For more details on consumer financial privacy, you can refer to resources like the Consumer Financial Protection Bureau (CFPB).
To safeguard your data, Broadway Bank employs a multi-layered security approach. This includes physical, electronic, and procedural safeguards. Our electronic security measures incorporate encryption, firewalls, and secure access controls to protect your information during transmission and storage. We also conduct regular security audits and employee training to ensure our staff understands and adheres to our stringent privacy and security protocols. For general information on securing personal data, the Federal Trade Commission (FTC) offers valuable guidance.
| Data Type | Collection Method | Purpose of Use | Sharing Policy |
|---|---|---|---|
| Personal Identifiers (Name, SSN) | Account opening, loan applications | Identity verification, account management | With affiliates for service, legal compliance |
| Financial Transaction Data | Account activities, online banking | Process transactions, fraud prevention | With service providers for operations, legal compliance |
| Contact Information (Address, Email) | Account setup, customer service interactions | Communication, service delivery | Limited sharing with trusted partners for service delivery |
| Credit History | Credit applications, third-party reports | Credit assessment, risk management | With credit bureaus as required for loan decisions |
broadway bank