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Comment: Credit ratings firms forced by EU court opinion to think carefully about automation

By Nicholas Wallace ( March 20, 2023, 15:51 GMT | Comment) -- Individuals' GDPR right not to be subject to major decisions based solely on automated processing applies to credit scoring, according to a legal opinion for the EU Court of Justice last week. If it is upheld by judges at the EU's top court, credit ratings agencies will need to consider human oversight, transparency and varying national laws.A recent legal opinion for the EU Court of Justice that the General Data Protection Regulation gives individuals the right not to be subject to solely automated credit scoring will, if upheld by judges, force companies to think carefully about their use of automated processing....

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