[HIGHLIGHTS] New Schufa rules decided: This is what consumers need to know

New Schufa rules decided: This is what consumers need to know. As of: February 9, 2024, 4:50 a.m By: Amy Walker CommentsPressSplit Whether rental agreements or loans: credit ratings from credit reporting agencies have far-reaching consequences for consumers.

The federal government is responding to a ruling by the European Court of Justice (ECJ) with a corresponding draft law, which was passed by the cabinet on Wednesday. The highest European court had ruled that checking consumers' creditworthiness was only permitted within narrow limits.