New law prohibits using consumer social networks to determine credit worthiness
Albany, N.Y. — Credit Report (Ben Taylor55, CC BY 2.0)" data-caption-pos="bottom">Gov. Andrew Cuomo has signed legislation prohibiting consumer reporting agencies and lenders from using the credit scores of people in a consumer's social network to determine that individual's credit worthiness. "Basing someone's credit score on who they know is not only an invasion of privacy, it is a way for these