Affordability checks play a significant role in financial services, ensuring responsible lending and access to credit. Under the General Data Protection Regulation (GDPR), organizations must balance these checks with data minimisation principles, which mandate the collection of only necessary personal data. This blog post explores how businesses can effectively implement affordability checks while adhering to GDPR requirements, safeguarding consumer privacy, and promoting data responsible practices. Key Takeaways: Affordability checks must comply with GDPR by ensuring that personal data collected is limited to what is necessary for the specific assessment. Data minimisation principles......
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