Consumer Credit Directive: the EDPS supports a clear definition of data to be used for creditworthiness assessment and for personalised offersc
A key support to our advocacy for a safer and fairer EU Consumer Credit Market
The EDPS Opinion on the proposal of Consumer Credit Directive confirms a much clearer undertanding on the way GDPR should apply to consumer credit providers, in particular as regards creditworthiness assessment and personalised offers.
Some key messages:
” To promote fair access to credit and data protection, …the EDPS recommends clearly delineating the categories and sources of personal data that may be used for the purpose of creditworthiness assessment.
The EDPS also recommends explicitly prohibiting the use of any special categories of personal data under Article 9 of the GDPR.
the EDPS considers that the requirements, role and responsibilities of credit databases or third parties providing ‘credit scores’ should be addressed.