Helping Lenders Discriminate

This just in … - well not ‘just’ - it was last week - but I wanted to share a paragraph from the patent …

In a fourth embodiment of the invention, the service provider is a lender. When an individual applies for a loan, the lender examines the credit ratings of members of the individual’s social network who are connected to the individual through authorized nodes. If the average credit rating of these members is at least a minimum credit score, the lender continues to process the loan application. Otherwise, the loan application is rejected.

As someone commented on an email list I am part of …

Better not associate with any poor people on the web!

August 10, 2015