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New CFPB Guidance on Algorithmic Credit Decision Discrimination

Financial services entities that use AI, machine learning, or another algorithmic coding to help make credit decisions are now clearly on notice that they must comply with ECOA’s adverse action requirements. ....

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New CFPB Guidance on Algorithmic Credit Decision Discrimination

New CFPB Guidance on Algorithmic Credit Decision Discrimination
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CFPB Provides New Guidance on Discrimination in Algorithmic Credit Decisions | Bradley Arant Boult Cummings LLP

As we have repeatedly discussed this year in our Financial Services Perspectives blog, the current leadership of the CFPB has placed a significant emphasis upon fair lending. Seemingly. ....

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