> I'm not trying to argue here, but I see this argument pop up often when discussing big tech and user data. I'm curious why the tone is so different when it comes to mortgages or auto loans, for example. It seems society is content with the notion that I must do my ow due diligence when buying a home, but for whatever reason that responsibility seems to slide away when I'm dealing with social media. Why is that?
That's a legitimate and good question.
And the answer is that the mortgage industry is highly regulated, and so there are things that the federal government demands (if we're talking about the U.S.) and additionally that states demand. So if you sign a mortgage paperwork in my state, for example, there are Riders that have to be provided. Same with signing up for a credit card. One page information sheets MANDATED by the government that the consumer gets to see, before having to sign contracts.
You don't need to be a lawyer to not get screwed.
Another good example. Residential leases are long, technical contracts. However, the state law overrides what's in it. So even if someone signs something that violates their rights, it won't apply. In some cases, the landlord can be sued for damages. Additionally, Riders are often mandated by the state that the landlord should provide, that summarizes rights.
The problem is that individual user data privacy is NOT regulated.
The lack of regulations and laws are why we're all arguing right now.
That's a legitimate and good question.
And the answer is that the mortgage industry is highly regulated, and so there are things that the federal government demands (if we're talking about the U.S.) and additionally that states demand. So if you sign a mortgage paperwork in my state, for example, there are Riders that have to be provided. Same with signing up for a credit card. One page information sheets MANDATED by the government that the consumer gets to see, before having to sign contracts.
You don't need to be a lawyer to not get screwed.
Another good example. Residential leases are long, technical contracts. However, the state law overrides what's in it. So even if someone signs something that violates their rights, it won't apply. In some cases, the landlord can be sued for damages. Additionally, Riders are often mandated by the state that the landlord should provide, that summarizes rights.
The problem is that individual user data privacy is NOT regulated.
The lack of regulations and laws are why we're all arguing right now.