In an effort to make the intersection of fair lending and technology a priority, the CFPB has issued guidance on how lenders must issue consumers accurate and specific reasons for credit denials when utilizing artificial intelligence.
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Appraisal Subcommittee Meets to Address Valuation Bias
The first-ever ASC public hearing features experts from across the mortgage lending and appraisal industries delivering testimony on solutions, education, and awareness about valuation bias and fair housing.
Read More »Man vs. The Machine: Big Data in Real Estate
The role of data and technology must supplement efficiency, not supplant or replace people. There are many dangers in focusing solely on Big Data.
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