Lenders utilizing AI-based underwriting should comply to CFPB assistance

The Consumer Financial Protection Bureau has actually doubled down on negative action requirements for lending institutions utilizing AI-based underwriting with brand-new assistance, marking a shift in tone from its previous assistance in 2022.   A CFPB article Tuesday echoed assistance provided in 2022, however mostly concentrated on negative action notifications’ precision and uniqueness requirements, Brian Fink, partner at McGlinchey, informed Auto Finance News, a sibling […]


A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

Related Articles

Back to top button