California Consumer Privacy Act Notice

California Consumer Privacy Act Notice at Collection

Under the California Consumer Privacy Act, as amended by the California Privacy Rights Act (the "CCPA"), "personal information" is information that identifies, relates to, describes, is reasonably capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular California resident or household. This information is referred to in this Notice as "Personal Data."

This Notice explains:

  • Categories of Personal Data that we collect about residents of California.
  • The business or commercial purposes for which we use that Personal Data.
Categories of Personal Data that We Collect

We collect Personal Data in a variety of contexts. For example, we collect Personal Data to provide financial products and services for our human resource, and vendor management purposes.

The Personal Data that we collect about a specific California resident will depend on, for example, our relationship or interaction with that individual.

We collect the following categories of Personal Data. We do not sell or share Personal Data, including Sensitive Personal Data.

  • Personal Identifiers: Personal unique identifiers, such as full name and federal or state issuedidentification numbers, including Social Security number, driver’s license number, and passport number;
  • Personal Information: Personal information, including contact details such as telephone number and address, email address; financial information such as bank name and account numbers, bank routing number, payroll statements; bankruptcy status, military status or other such public information, consumer report information such as credit account(s) payment history;
  • Characteristics of Protected Classes: Characteristics of protected classes or groups under state or federal law, such as gender, military status;
  • Biometric Information: Biometric information, such as facial images;
  • Internet or Online Information: Internet or online information (e.g., browsing history) and information regarding interaction with our websites, applications, or advertisements;
  • Geolocation Data: Geolocation data, such as device location;
  • Audio and Visual Information: Audio, electronic, visual, or similar information, such as call recordings;
  • Employment Information: Professional or employment-related information, such as work history and prior employer;
  • Sensitive Personal Information:
    1. Social security number, driver’s license, state identification card, or passport number;
    2. Account log-in, financial account, password, or credentials allowing access to an account;
    3. The contents of mail, email, and text messages;

1 - Why We Collect Personal Data and How We Use It?

The business and commercial purposes for which we collect and use Personal Data depend on, among other things, our relationship or interaction with a specific California resident. The table below lists the purposes for which we collect and use Personal Data in different contexts.

2 - Purposes for Collection and Use

a) Provide and manage products and services
  • Establish and process transactions for our products and services including checking accounts, credit cards, loans, investment accounts, as well as additional products for businesses such as commercial financing and payment services.
  • Support the ongoing management and maintenance of our products and services including to provide account statements, online banking access, customer service, payments and collections, and account notifications.
b) Support our everyday operations, including to meet risk, legal, and compliance requirements
  • Perform accounting, monitoring, and reporting.
  • Enable information security and anti-fraud operations, as well as credit, underwriting, and due diligence.
  • Support audit and investigations, legal requests and demands, as well as exercise and defend legal claims.
  • Enable the use of service providers for business purposes.
  • Comply with policies, procedures, and contractual obligations.
  • Obtain support for fulfilling the above purposes from our third-party service providers, professional services and business partners, and financial institutions.
c) Manage, improve, and develop our business
  • Market, personalize, develop, as well as improve our products and services.
  • Conduct research and analysis, including to drive product and services innovation.
  • Support customer relationship management.
  • Evaluate and engage in mergers, acquisitions, and other transactions involving transfers of all or part of a business, or a set of assets.
  • Obtain support for fulfilling the above purposes from our third-party service providers, professional services and business partners, and financial institutions.
d) Support employment, infrastructure, and human resource management
  • Provide benefits to employees and dependents, including healthcare and retirement plans.
  • Manage pay and compensation activities.
  • Manage and operate our facilities and infrastructure.
  • Process employment applications.
  • Obtain support for fulfilling the above purposes from our third-party service providers, professional services and business partners, and financial institutions.
e) Use of Sensitive Personal Information as permitted by law
  • Perform services for our business, provide goods or services as requested by individuals, and ensure security and integrity.
  • Short term transient use such as displaying first-party, non-personalized advertising.
  • Process and fulfill orders, maintain and service accounts, provide customer service, verify customer information, process payments, and provide financing.
  • Activities relating to quality and safety control or product improvement.

1 Instant Funding available within minutes of approval if you provide a valid debit card where your primary income is generally deposited in the bank account linked to this debit card. Same day ACH funding is available for applications approved and signed before 12:00 p.m. ET Monday - Saturday (not including federal holidays). For applications approved and signed by 4:30 p.m., funds are generally deposited the next business day Monday - Saturday (not including federal holidays, in which case funding will occur on the following business day).

2 Your FICO Score will not be pulled for the processing of this loan application; however, alternative credit scores are pulled and used in determining creditworthiness. LoansAtWork does not require any sort of credit score. Payment history is reported to all three major credit reporting agencies and failure to make payments may affect your credit scores.

3 All loans marketed by BMG Money are made by WebBank, except, as of 12/08/2023 the loans made to residents of are made by BMG LoansAtWork, LLC.

4 Loans through BMG Money are provided at a significantly lower cost than most payday loans. For example, a $2,000 loan with a one-time fee of $59 will be paid through 87 installments over 40 months, will have an APR of 35.98% and the approximate biweekly payment will be $40.00 with a total payback amount of approximately $3,479.02 (assumes a loan execution date of 03/07/2024). In contrast, according to the Consumer Financial Protection Bureau, “A typical two-week payday loan with a $15 per $100 fee equates to an annual percentage rate (APR) of almost 400%.” Source: https://www.consumerfinance.gov/ask-cfpb/what-is-a-payday-loan-en-1567/

5 The interest rate match policy applies only to loans intended to be repaid by payroll allotment, to employees of the U.S. federal government (excluding military service members).

6 Military Lending Act Disclosure: Due to rules and restrictions within the Military Lending Act, this program is not available to active-duty service members or their spouses.

7 California Residents: California Privacy Rights: Our CCPA Notice can be found here: https://www.bmgmoney.com/california-consumer-privacy-notice/

8 Residents of Washington: BMG LoansAtWork, LLC holds Consumer Loan Company License # CL1649032; NMLS Consumer Access webpage: www.nmlsconsumeraccess.org

9 From 01/01/2023 – 01/31/2024, 57.4% of all loan applications were approved (only 42.6% of applications were declined). According to Market Watch, the Federal reserve released figures in July, 2023 showing loan application rejection rates among lenders averaged 56% among borrowers with credit scores of 680 or below. Source: https://www.marketwatch.com/story/loan-rejection-rates-are-climbing-especially-for-people-under-a-680-credit-score-565cc468

Payment terms from 6 to 48 months
Annual Percentage Rate (APR) ranging from 19.99%-35.99%
Loans do not require repayment in full in 60 days or less from the loan issue date
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