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by word-reader 2485 days ago
FICO scores are definitely worth comparing to this new emerging system, but there are key differences. The input data to FICO scores is broadly public (but not the exact weighting), and they only relate to financial and credit history. They are also regulated by the FCRA, making it so people can see the data that is being held about them and requiring negative information to be removed after a certain amount of time. People can and do receive damages from credit agencies and creditors if they don't correct erroneous information or violate other parts of the law.

It's regrettable that they're are used for things like employment, but on the other hand, you won't be prohibited from using a taxi (Uber), hotel (Airbnb), entering a restaurant (PatronScan), or using a phone or the mail (WhatsApp) because of your FICO score.

Nobody knows what data goes into the reputation systems of tech companies, where it's collected, or who it's shared with. You usually can't look at it. You usually have no recourse as there is no regulatory oversight and no contract to use their services besides "we can kick you off at any time for any reason or no reason at all".