Why Banks Want to Know Your Salary So Badly | WSJ Your Money Briefing

Banks are sending out more requests to customers for their annual salary information.

WSJ personal-finance reporter Imani Moise joins host J.R. Whalen to discuss why, and whether customers are obligated to reveal their earnings.

0:00 Do banks know your annual income?
1:35 Requests for salary info
2:59 Do you have to share your earnings?
3:40 Risks for bank customers
5:35 Giving out personal information

Your Money Briefing
WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.