Germany: LfD Niedersachsen issues fine against Bank over its data processing practices for profiling purposes
Description
LfD Niedersachsen issues fine against Bank over its data processing practices for profiling purposes
On 28 July 2022, the State Commissioner for Data Protection (LfD) of Lower Saxony announced that it has issued a fine of EUR 900’000 on a banking institution, without disclosing the name of the entity. The LfD noted that the banking institution proc…
Scope
Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
executive
Government Body
data protection authority