Facebook Patent Would Allow Lenders to Determine Credit

Lenders and credit score companies already have enormous influence and access, do we really need to open the door to our friends and family? I suppose this is in line with previous reports of users getting different quotes based on what browser they use — admittedly your friends are probably a better measure of your credit — but it's yet another dive into your personal life by creditors.

I think Facebook's going to find that if your social network can directly impact your money, people are going to behave differently. I can think of at least 50 friends I'd cut today under such a scheme. How does that help Facebook if suddenly its users have fewer connections?