Using Complex Algorithms For Credit Decisions CFPB Requirements
Consumer Financial Protection Bureau the Bureau or CFPB issued its third Circular emphasizing creditor use of complex algorithms,The Circular makes clear that federal consumer protection laws apply, and are enforced, regardless of the technology a creditor employs.
Rohit Chopra Consumer Financial Protection Bureau The National Institutes Of Standards Consumer Financial Protection Bureau Equal Credit Opportunity Act National Institutes
Source: natlawreview.com