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The only way to realistically enforce this is through software developers refusing to implement, like that’s gonna happen, or by whistleblowers, but by then, it
by eurasiantiger 5y ago
The only way to realistically enforce this is through software developers refusing to implement, like that’s gonna happen, or by whistleblowers, but by then, it is already too late.
- izacus 5y agoReally? Because the obvious way to "realistically enforce" this is by passing legislation banning such practices and demanding transparency in credit score calculations. And then massively fining credit companies which use those factors in calculation. Not sure how the heck would a single developer refuse to implement a system that earns boatload of money.
- manachar 5y agoExactly. Regulation is the primary method necessary to ensure that the market doesn't do an unethical but profitable thing. The other approach, which is employed by other specialties, is to have a professional trade accreditation group create certain standards that must be upheld by all people in that group. Doctors and lawyers are examples of how this works, and in what ways it fails too.
- rob_c 5y agoI'm now expecting someone to claim they accidentally left the Chinese tools on for their EU accounts and only noticed when those with an interest in "squares" got hit with higher loan rates.
- imtringued 5y agoYeah you can't touch the powerful entities, let the small guys do it and pretend it's enough.