In a move that could pose challenges for lenders that employ AI and algorithms to evaluate borrowers, federal housing officials are moving to rescind policies to protect lenders and other businesses from claims of inadvertent discrimination.
Source: Inman News
Lenders who rely on AI, algorithms could face new legal risks
Published in ben carson, Center for Responsible Lending, Fair Housing Act, fair lending, fair lending laws, housing discrimination, hud, John Villasenor, LendingClub, Marcia Fudge, Melissa Stegman, Mortgage, mortgage bankers association, Pete Mills, Regulations, Richard H. Neiman, Select and Virginia Foggo
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