I’d have thought browser history would be a very poor second to the “hard” metrics. If the credit companies were lacking data then they could probably do worse than look at your family history as far as credit goes.
IMF working paper suggests using browsing history in credit score calculations
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Re: IMF working paper suggests using browsing history in credit score calculations
#12The views expressed are those of the author(s) and do not necessarily represent the views of the IMF and its Executive Board.
I consider such articles to be "test balloons" for ideas. If they encounter too much resistance, there is plausible deniability. If no, the idea creeps forward to a more formal setting.
Re: IMF working paper suggests using browsing history in credit score calculations
#13Somehow I have a feeling that each passing day, things are getting tighter and tighter and private corporation and government institutions are getting more controlling and totalitarian.
That feeling like slowly being boiled into 1984.
Re: IMF working paper suggests using browsing history in credit score calculations
#14Somehow I have a feeling that each passing day, things are getting tighter and tighter and private corporation and government institutions are getting more controlling and totalitarian. That feeling like slowly being boiled into 1984.
Apple is already half way there to be honest.
Re: IMF working paper suggests using browsing history in credit score calculations
#15Hey, they got that system in place already in China! https://en.wikipedia.org/wiki/Social_Credit_System Go to HackerNews, post a dissenting topic, enjoy no travel or credit! Work in a high compliance job where you have to submit financials yearly, no more!
Ultimately, human desire to control and measure other humans is not limited to totalitarian regimes. On the contrary, totalitarian regimes grow out of this naturally occurring phenomenon.
We should be a bit vigilant about such concepts creeping into freer societies. They will usually do so either under guise of combating crime, or increasing efficiency. But there is no freedom without some slack.
Re: IMF working paper suggests using browsing history in credit score calculations
#16Well of course! The real question is: what shouldn't impact your credit score? Any information you consume could potentially impact your ability to repay a debt - if you read the wrong book, see the wrong movie, visit the wrong person, any of these events could change your mind, and make you a less reliable credit risk. Reading the wrong web resources is a natural extension.
(Because the actually crazy people have killed satire, let me be clear: this is satire.)
Re: IMF working paper suggests using browsing history in credit score calculations
#17A better conversation is whether IMF/credit scores deserve to exist in the first place. Didn't these geniuses JUST add field-specific search to SWIFT, so orders for "cubanos" don't get held up because of Cuba sanctions?
Maybe these clueless old men should stick to what they know - mountains of physical paperwork and pointless policies and procedures, and stay away from anything that uses electricity or internet.
Bitcon/DeFi will render them obsolete in a few years' time anyway.
Re: IMF working paper suggests using browsing history in credit score calculations
#18Maybe instead of taking even more of our personal data, they should worry about fixing the algorithm they run on the data they already have. For example, paying off an auto loan shouldn't make your credit score drop 60 points.
Maybe abolish credit scores, because they're only used for evil.
They help nobody but the bankers.
Re: IMF working paper suggests using browsing history in credit score calculations
#19This is just yet another push by financial companies to impose on your freedom of speech. Why on earth do people keep pushing for private companies to become political activists?
They have already come for individual bank accounts, in the UK for example an activist named 'Tommy Robinson' [1] is not allowed to open a bank account due to his politics [*].
"What business of mine is it
So long they don’t take the yam
From my savouring mouth?"
Then they came for Trump, the former president of the United States [3]. Irrespective of your politics, do you believe that he should not be allowed to have money or do business?
"What business of mine is it
So long they don’t take the yam
From my savouring mouth?"
Now they come after sex workers on websites like OnlyFans [4], threatening the livelihoods of people doing perfectly legal business. Sure, OnlyFans did need to clean up their act - but we're talking here about the fringe, not the majority. I really also suspect PornHub were also targetted by payment processors not so long ago, but they kept more quiet about it.
"What business of mine is it
So long they don’t take the yam
From my savouring mouth?"
"And then one evening
As I sat down to eat my yam
A knock on the door froze my hungry hand.
The jeep was waiting on my bewildered lawn
Waiting, waiting in its usual silence."
- (Interlaced poem by Niyi Osundare [5])
[*] I would suggest to hear his speech at the Oxford Union address [2], rather than a heavily biased Wikipedia entry. The first two references in the Wikipedia article are simply links to news articles calling him far-right - not evidence in the slightest of him having far-right opinions. If you even have the slightest doubt in the news media, please watch the video before casting judgement.
[1] https://en.wikipedia.org/wiki/Tommy_Robinson_%28activist%29
[2] https://www.youtube.com/watch?v=_YQ94jFg_4A
[3] https://www.bloomberg.com/news/articles/2021-01-12/more-of-t...
[4] https://edition.cnn.com/2021/08/21/tech/onlyfans-creators-re...
Re: IMF working paper suggests using browsing history in credit score calculations
#20Maybe instead of taking even more of our personal data, they should worry about fixing the algorithm they run on the data they already have. For example, paying off an auto loan shouldn't make your credit score drop 60 points.
Maybe abolish credit scores, because they're only used for evil. They help nobody but the bankers.
...help the bankers not lose all their money to deadbeats, which means they can keep loaning the rest of us money at a lesser rate?