complex models

CFPB Says Lenders Must Explain AI-Driven Credit Denials
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need...

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