Germany: Issued Fine Against Bank for Lack of Transparency About Automated Decision in Credit Card Application
Description
Issued Fine Against Bank for Lack of Transparency About Automated Decision in Credit Card Application
On 31 May 2023, the Berlin Commissioner for Data Protection and Freedom of Information (BlnBDI) issued a fine of EUR 300'000 against a bank for lack of transparency regarding an automated rejection in its credit card application system. Despite the …
Scope
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
ML and AI development, other service provider
Implementation Level
subnational
Government Branch
executive
Government Body
data protection authority