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New CFPB Guidance on Algorithmic Credit Decision Discrimination

Published: May 27, 2022

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.

Source: natlawreview.com

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Rohit ChopraFinancial Services PerspectivesInteragency Task Force On Property AppraisalDirector Rohit ChopraDirector ChopraInteragency Task ForceProperty AppraisalValuation EquityEqual Credit Opportunity ActPer Director ChopraFinancial And Banking LawFair HousingFair LendingFair ServicingFinancial Services EntitiesMachine LearningLgorithmic CodingCredit Decisions