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Tangentially: Purchasing on-demand PII from non-EU companies to produce some individuals score and deleting the sensitive records right after, appears to be a v

Tangentially: Purchasing on-demand PII from non-EU companies to produce some individuals score and deleting the sensitive records right after, appears to be a valid/emerging loophole to circumvent GDPR. In my effort to find a new flat, I encoutered an unknown bavarian (germany) based rating company that boasted with a partnership in switzerland, which is a non-EU country. I cant remember the companies name. Credit scores are somewhat different than trust scores because you usally agree to your data being given away to rating companies when you sign eg. a contract for a bank accout. Trust worthines additionally encapsulates stuff like criminal recods, complaints and maybe even mental health.

sofixa 3y ago
I never got the point of credit scores and outsourcing that math to a private third party. How things work in France is much better, simpler and easier process for everyone involved. You ask a bank for a loan, and submit information about your current revenues and situation (in a couple or not, renting or not, children or not). The bank checks with Banque de France if you have outstanding loan obligations to other banks, and if they have you in their register of people that have failed to pay loans. No third party private company has a ton of information about your life, which they make money of selling. Not everyone can just ask said third party about your personal life (e.g. landlords or employers) because it doesn't concern them.
- ksjskskskkk 3y ago
  most countries have elites who do not want their financial information on their central bank, so everyone else have to accept the infective system because of them. us and uk and ru are the last holdouts, with most other places moving to instant payments owned by central banks as a backdoor into society to close this option.
intunderflow 3y ago
GDPR applies to Switzerland pursuant to the association agreement
anticensor 3y ago
GDPR and similar privacy regulations exist in much more than the EU.

sofixa 3y ago

I never got the point of credit scores and outsourcing that math to a private third party. How things work in France is much better, simpler and easier process for everyone involved. You ask a bank for a loan, and submit information about your current revenues and situation (in a couple or not, renting or not, children or not). The bank checks with Banque de France if you have outstanding loan obligations to other banks, and if they have you in their register of people that have failed to pay loans. No third party private company has a ton of information about your life, which they make money of selling. Not everyone can just ask said third party about your personal life (e.g. landlords or employers) because it doesn't concern them.

ksjskskskkk 3y ago
most countries have elites who do not want their financial information on their central bank, so everyone else have to accept the infective system because of them. us and uk and ru are the last holdouts, with most other places moving to instant payments owned by central banks as a backdoor into society to close this option.

intunderflow 3y ago

GDPR applies to Switzerland pursuant to the association agreement

anticensor 3y ago

GDPR and similar privacy regulations exist in much more than the EU.