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technologyfinance · 2021
BBVA (Banco Bilbao Vizcaya Argentaria)
The AEPD fined BBVA €5 million for tracking customers' location data and processing personal data for profiling purposes without adequate transparency and without providing clear consent mechanisms in the BBVA mobile banking application.
Fine Imposed€5M
Authority
AEPD
Regulation
Key Takeaways
- Mobile app location tracking requires explicit consent; profiling must be transparent.