Besides Marshall & Ilsely (M&I) Bank’s attack on collective bargaining through Wisconsin Governor Scott Walker, its “privacy policy” actually gives M&I the right to sell or give away some of the most intimate details of a customer’s banking life including information identifying the customer; their address; assets and income; employment history, their medical information, information on accounts; transactions on those accounts; and their use of the M&I website.
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Disclaimer: I work at the Sheet Metal Workers' International Association.
Customers may assume that M&I Bank will use this private data merely for the bank’s own internal use, but instead that information can be given or sold to an array of interests that include credit bureaus; government agencies, including the IRS; any other financial institutions including M&I BANK companies; “third parties” who perform services for M&I Bank and “others” to the extent permitted by law.
Besides this intrusion on a customer’s right to privacy, executives at M&I Bank have also worked to ensure the election of politicians such as Wisconsin’s Scott Walker who have made it their priority to strip the long held right of public employees to collectively bargain.
Labor activists are seeking to shine a light on this bank’s practices in the hopes of promoting transparancy and accountability at this bank. Members of the community will be joining SMWIA members at branch locations in Wisconsin, Nevada, Arizona, Missouri, Minnesota, Florida, Illinois, and Indiana to notify M&I customers about this important privacy issue at 12 noon (local time) today.
A list of these locations can be found here. We are urgining past and current depositors at M&I Bank to call 1-888-450-3185 to have their private data removed from any of the bank’s marketing efforts.
Customers are also urged to visit a new site, mibankexposesyou.info for additional information. Don't forget, even if you have closed your accounts, M&I can still sell your private date so make sure you call.