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State Legislatures Launch Bills to Prohibit Use of “Social Credit Scores” by Financial Services Providers

January 25, 2024

The term “social credit score” was developed in China to determine a person’s ability to use public transportation or eligibility for employment. The score reflects on the person’s trustworthiness based on individual behaviors and activities, often using personal data, demographics, on- and off-line behaviors, and their social network. China applies this score to individuals and businesses.


In the past two weeks, six states have introduced bills to prohibit banks and other provide…