Credit Agency Requests Access to Consumers’ Social Data

By  |  June 7, 2012
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Schufa, the largest credit rating agency in Germany, is developing tools to mine data from consumers’ social media profiles that would inform those users’ credit scores, Spiegel Online says.

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    Schufa’s confidential plans were obtained by news outlet NDR this week. When asked for comment, a spokesman for the agency told Spiegel that “everything is happening within the legal frameworks in Germany.”

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