Appendix A - Notices
Consumer Information Fields – Additional Compliance Recommendation And Best Practices
Last updated
Consumer Information Fields – Additional Compliance Recommendation And Best Practices
Last updated
The following language is used as the Phone Number Collection Notice on Engine by MoneyLion owned experiences:
We ask this so that we, our partners, and their affiliated companies can contact you about the products and services you inquired about, even if your telephone number is listed on any Do-Not Call list. Contact may be made through automatic dialing systems, artificial or prerecorded voice messaging, or text message.
The screenshot below shows the Phone Number Collection Notice as it appears on Engine by MoneyLion owned experiences.
The following language is used as the Social Security Number Collection Notice on Engine by MoneyLion owned experiences:
We use your social security number to validate your information and check your credit. This will NOT affect your credit score. Your information is transmitted securely.
The screenshot below shows the Social Security Collection Notice as it appears on Engine by MoneyLion owned experiences.
The consumer’s credit information is used by the Financial Institutions on our platform as criteria for determining the offers available to the consumer. While each Financial Institution establishes their own credit rating ranges, the following guidelines are generally accepted standards:
Credit Rating
Numeric Range
Excellent
720+
Good
660 - 719
Fair
620 - 659
Poor
< 620
The following language is used as the Annual Income Notice on Engine by MoneyLion’s owned experiences:
Provide your total available income including wages, retirement, investments, and rental properties. Alimony, child support or separate maintenance is optional and does not need to be included if you do not wish it to be considered as a basis for repaying the loan. Increase any non taxable income or benefits by 25%.
The screenshot below shows the Annual Income Notice as it appears on Engine by MoneyLion owned experiences.
