Credit score amendment

Update on the topic of the closed scoring database for bank factories and lending institutions (article here. Good information. With the latest amendment, the word "exclusively" has been replaced with "in particular." Thus, banks, bank factories and lending institutions will be able to assess creditworthiness on the basis of other criteria as well - without the restrictions and closed list of criteria indicated in the aforementioned article. The criteria outlined in the banking law will therefore be treated as exemplary. Unfortunately, at the request of the customer (an individual - presumably a consumer) they will be forced to disclose what specific information was taken into account. This obligation is to apply both when the decision was made in a fully automated process and when a human being was also involved in the decision-making. These changes are the result of the Panopticon Foundation's involvement in the consultation process. The financial institution will not be able to charge for providing these explanations.Thus, of the problems discussed in the above article, the problem of disclosing the "know-how" of the financial institution performing the creditworthiness analysis remains topical, but if this option is limited to the consumer - then it will not affect the factoring industry. So let's wait for the final wording of the draft law.