Governing credit scoring. Data protection, algorithms & surveillance.
summary
Panel reports concrete specifics: Norway requires a standard license for credit‑scoring firms that limits which sources and variables they may use and forces deletion of paid claims; US practice centers on FICO and three national CRAs with disclosed FICO scoring factors but opaque proprietary subfactors; Experian sells Mosaic lifestyle groups used to infer risk; studies show widespread inaccuracies (one research flagging ~80% of reports with errors), weak enforcement and low consumer awareness, instant scoring enabling payday lending, and proven ways some people can “play the system.”
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chapters (10)
- 0:00Start
- 25:55What is a US Credit Score?
- 29:42Who Can Access Your Credit Report
- 34:00Fair Credit Billing Act (FCBA)
- 34:43Regulation
- 36:48Subprime Lending Example
- 37:00Subprime Lending Conclusions
- 37:29Inaccuracies in Credit Reports
- 52:04What to do?
- 53:25FICO Score
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