Digital Redlining news and trends

CFPB Says Lenders Must Explain AI-Driven Credit Denials

September 19, 2023

Related Trends

Instant disbursements are in demand in lending, but lenders — and borrowers — still cling to branches and legacy processes. FinTech partnerships can help.
Fed Official: AI Can Promote Bias in Lending Decisions
artificial intelligence // July 19, 2023

Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

More Articles
Quick Reads
CFPB Says Lenders Must Explain AI-Driven Credit Denials

September 19, 2023
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this […]

Fed Official: AI Can Promote Bias in Lending Decisions

July 19, 2023
Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...