Lenders urge federal regulators to clarify AI fair lending, explainability requirements

There is no “one-size-fits-all” approach to making AI-driven decisioning by financial institutions explainable and fair, but lenders want regulators to clarify how to measure the technology’s disparate impact and explainability. Bank Automation News has been following the responses of lenders and vendors to an April request for information seeking input on AI use cases in […]

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