Facebook has applied for a patent that would allow lenders to make credit decisions on a user based on the user's Facebook activity. If the patent is approved, Facebook will be able to collect the credit scores of a user's "friends" and supply a creditor with their average score. If that average is below a certain threshold, the lender will reject the application. EPIC has filed extensive comments with the Consumer Financial Protection Bureau, urging the agency to limit the amount of information creditors can access about consumers. EPIC has called for algorithmic transparency in automated decisions concerning individuals.
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