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Credit scoring firms face curbs after landmark EU data protection ruling

TechCrunch LogoTechCrunch2 mo ago

Credit scoring firms face curbs after landmark EU data protection ruling - TechCrunch

Quick Summary:

Credit scoring companies operating in the European Union could be facing tighter curbs under the bloc’s privacy laws following a ruling issued by the Court of Justice (CJEU) today.

Though in the specific case it will be up to the Administrative Court of Wiesbaden to assess whether the German Federal Law on data protection contains a valid exception to the prohibition in accordance with the GDPR.

The referral relates to complaints brought against the practices of a German credit scoring company, called Schufa, but could have wider significance for credit information agencies operating in the region where the General Data Protection Regulation (GDPR) applies.


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Article Details

Author / Journalist: Natasha Lomas

Category: Technology

Markets:

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-12-07 @ 18:13:18 (2 months ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1224 words

Reading Time: 7 minutes read

Sentences: 27 lines

Sentence Length: 46 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 19240337

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