Re:I Got Access to My Secret Consumer Score
by lftl on Monday November 04, 2019 @08:00AM
(#21441189)
Aren't the credit reporting laws pretty strictly scoped to making decisions about loans? I imagine these companies are pretty explicit with their clients that scores can't be used for those purposes.
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Re:I Got Access to My Secret Consumer Score
by CPLX on Monday November 04, 2019 @08:29AM
(#21441396)
They’re definitely used for rental applications and tenant evaluations, which seems like a very short hop to Airbnb.
Re:I Got Access to My Secret Consumer Score
by astura on Monday November 04, 2019 @11:02AM
(#21442842)
They are also used as a factor in determining car and homeowners insurance premiums in most states. (People who pay their bills on time are less likely to make insurance claims)
Re:I Got Access to My Secret Consumer Score
by justin66 on Monday November 04, 2019 @10:08AM
(#21442293)
> Aren't the credit reporting laws pretty strictly scoped to making decisions about loans?
Absolutely not. The Fair Credit Reporting Act is one of the laws governing background checks for hiring (in addition to credit reporting), for example.
(and if it comes out that the reports referenced in the article were used by someone somewhere to reach a hiring decision, I expect lawsuits will quickly follow)