Login

Post on Medial

Saksham

Stealth • 4m

Supreme Court Looks into Credit Bureaus' Data Practices The Indian Supreme Court is investigating four credit information companies: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. These companies are accused of violating the privacy of millions of Indians by collecting and sharing financial data without proper consent. The Court has issued notices to the Reserve Bank of India (RBI), relevant ministries, and the credit bureaus. The seriousness of the allegations is underscored by the appointment of a senior advocate to assist the Court. The crux of the matter is whether these companies are following proper procedures for data collection, storage, and dissemination as mandated by the Credit Information Companies Regulation (CICR) Act, 2005. The allegations raise concerns about potential privacy violations and the integrity of credit scoring systems in India.

1 replies6 likes
Replies (1)

More like this

Recommendations from Medial

Anonymous
Image Description
Image Description

Anonymous

Stealth • 2m

New Flag of supreme court of India

2 replies3 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 3m

The Hindenberg-Adani Case timeline -> 24 January 2023: Hindenburg Research, a US-based short seller, accused the Adani Group, led by Gautam Adani, of financial misconduct. Adani denied these allegations. 1 February 2023: SEBI started investigating

See More
2 replies
Image Description

Aura

Stealth • 3m

Supreme court of india has is decreased royalty on minerals and precious resource

2 replies3 likes
Image Description
Image Description

Shuvodip Ray

 • 

YouTube • 6m

The Supreme Court has been making efforts to leverage technology, including WhatsApp, to enhance its accessibility and efficiency. This year, the Supreme Court of India introduced an initiative to integrate WhatsApp into its operations, allowing it t

See More
4 replies7 likes
1
Image Description
Image Description

Shuvodip Ray

 • 

YouTube • 5m

The National Testing Agency (NTA) has decided to cancel the grace marks given to 1,563 candidates in the NEET-UG 2024 examination following allegations of irregularities, including claims of a paper leak. The Supreme Court endorsed this decision, sta

See More
6 replies10 likes
1
Anonymous
Image Description
Image Description

Anonymous

Stealth • 2m

Many companies have very poor data privacy policies. I am completely averse to giving my Aadhar/ Pan or even registering for EPFO because of the fact that I am worried that my data will be treated like a joke. Is there any way out of this? please

See More
3 replies6 likes

Vaibhav Gupta

Stealth • 6m

UPI's Credit Revolution CIBIL is at the forefront of credit scoring in India, but the potential integration of UPI transaction data could dramatically transform how financial worthiness is evaluated. Imagine financial institutions using insights fro

See More
0 replies8 likes

Prem Kumar

Stealth • 5m

The Supreme Court issued a directive in its Order dated May 7, 2024 stating that all advertisers and advertising agencies must submit a 'Self-Declaration Certificate' before publishing or broadcasting any #advertisement.

0 replies4 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 5m

Facebook has connected billions, but its data privacy practices have been under fire. Is the trade-off between personal data and free services justifiable, or does it undermine user trust? Let’s discuss the balance between innovation and privacy

4 replies4 likes

TenderAlert

Stealth • 6m

Students data leak Every year there 1cr of stufents data the data coming to the consultant .They getting the data from the official boards like sbtet , educational department 🏬 polytechnic,NEET ,Emcet,jee,PG, Intermediate,doctorate,btech ,not everyo

See More
0 replies4 likes

Download the medial app to read full posts, comements and news.