> And many decisions made by humans are pretty arbitrary anyway -
> such as the binning of applications based on a cursory scan of a
> CV. Are all such decisions to be regulated, even in the absence
> of a computer? Will you be able to challenge why you weren't
> called up for an interview?
Your CV is sensitive personal data and any processing of that is already required to be done accurately fairly. It doesn't matter whether it is done by eye or by algorithm. In agencies who routinely use search algorithms they should be required to prove that the algorithm is fair and accurate. The Information Commissioner should be auditing these.
> If your bank decides not to offer you a loan, will the law compel it
> to do so? This implies not only that the bank will have to reveal
> its reasons not to offer the loan - the so-called "algorithm" under
> discussion here - but also > for those reasons to be challenged
> and potentially overridden.
The same rules apply. Failure to process the data accurately and fairly is an offence. If your application is rejected unfairly then the bank must either grant the application or pay compensation. They may also need to consider whether they have a taste for cocoa and porridge. The ICO should be auditing these decisions.
> This in turn implies that you would have a statutory right to receive a
> loan from a bank, if you meet some criteria decided in law or
> by a judge - not those criteria chosen by the bank itself.
That is how courts work.