[syshum]

The biggest problem today be it credit scoring, Social media Censorship, or anything that is using these vast databases of personal info is the complete lack of transparency

Denied a loan, denied a job, kicked off a platform, in none of these situations is the company requires to justify their actions or be transparent in the policies and processes they used to reach that conclusion

This black box leaves people feeling powerless and out of control because they are.

One way to combat that is stronger data ownership laws, and the ability for people to get ALL information a company has collected about them.

So for example if you are denied a home loan, you should be able to request every single scrap of info that loan company collected about you (including any and all credit scores) they used to make that determination

[inetknght]

> The biggest problem today ... is the complete lack of transparency

While that's the biggest problem right now, transparency by itself isn't useful. I have transparency into my bills but I don't have the ability to change them. Negotiating power is being taken away from consumers. When's the last time you've seen anything which didn't have some form of liability limitation clause? When's the last time you've been able to negotiate that liability limitation?

[bsanr2]

"Fail fast and opaquely, good luck iterating ya bozo." Good advice, guys, thanks. /s

>So for example if you are denied a home loan, you should be able to request every single scrap of info that loan company collected about you (including any and all credit scores) they used to make that determination

The reason why that doesn't happen is because they're almost certainly discriminating in ways they shouldn't be.