#creditscoring

Robert Scoble | Flickr

Story, 6 January 2021

In Poland, a law made loan algorithms transparent. Implementation is nonexistent.

Since May 2019, and as a first in the EU, Polish consumers have the right to know in detail why a bank decided to grant or refuse them a loan, even for small amounts. But in practice, banks are still reluctant to provide such information. 

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Story, 14 May 2020

This man had his credit score changed from C to A+ after a few emails

A 52-year-old man in Hanover, Germany, discovered that he’d been erroneously scored by a credit bureau. His story reveals the gaps in credit score regulation.

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Nicepear Jakarta|Unsplash

Story, 15 April 2020

Credit scores algorithms keep operating normally even as everything else doesn’t

Consumer organizations are calling for a credit score freeze but credit bureaus see no need to change anything as the Covid-19 pandemic wreaks havoc in the finances of many.

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