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NCRC, Fintechs Call On CFPB To Clarify Applying Fair Lending Rules To Artificial Intelligence

The National Community Reinvestment Coalition (NCRC) and six financial technology firms today asked the Consumer Financial Protection Bureau (CFPB) to provide guidance on how it will apply disparate impact rules to any systems that use artificial intelligence (AI), machine learning (ML), algorithms, or alternative data to make lending decisions. Read More