Interpretable Algorithms As A Potential Solution To CFPB’s Guidance On AI-Driven Credit Denials – Financial Services
03 April 2024 Goodwin Procter LLP To print this article, all you need is to be registered or login on Mondaq.com. In September 2023, the Consumer Financial Protection Bureau (CFPB) issued guidance on the use of artificial intelligence in issuing credit denials, a prevalent practice among lenders. The CFPB explained that when denying…