Before credit reporting credit decisions were literally determined based on vibes, which of course means rampant discrimination. While I can think of additional protections and reforms to credit reporting, I’m not sure there is a better option for determining credit risk than a centralized credit reporting mechanism like we have now
I don’t have a specific policy proposal for you. Needing a long term loan to have access to transportation or a place to live is already a pretty grim situation, but building a punitive and dystopic privacy nightmare on top of that doesn’t really meet my criteria for “unpleasant but necessary facts of life, might as well accept it”.
We’re miles away from a sane reality, and all I’m doing is pointing that out - we’re not going to have a good time whether we decide to accept it and let things get worse or start fighting our way back. It’s all a nightmare.
Before credit reporting credit decisions were literally determined based on vibes, which of course means rampant discrimination. While I can think of additional protections and reforms to credit reporting, I’m not sure there is a better option for determining credit risk than a centralized credit reporting mechanism like we have now
I don’t have a specific policy proposal for you. Needing a long term loan to have access to transportation or a place to live is already a pretty grim situation, but building a punitive and dystopic privacy nightmare on top of that doesn’t really meet my criteria for “unpleasant but necessary facts of life, might as well accept it”.
We’re miles away from a sane reality, and all I’m doing is pointing that out - we’re not going to have a good time whether we decide to accept it and let things get worse or start fighting our way back. It’s all a nightmare.