08-23-2006, 01:22 AM
[quote mrbigstuff]yup. it's that "subject to change without notice and we don't have to notify you" clause that keeps me from signing up.
Read it again. They're saying they don't have to provide *written* notice. I don't use GMAC so I can't speak to their online system, but all of my financial institutions have a system in place to get notices such as changes to privacy policies out electronically. It's a much faster and cheaper way to get the necessary info out to consumers when needed. Also, just because they don't *have* to provide written notice doesn't mean they won't. With my BofA accounts I get electronic notice of changes to policies and those are usually followed up with written notice in my next statement. GMAC may well do the same.