Blog

Category: Policy and compliance |

Published JUL 07, 2020

Innovation spotlight: Providing adverse action notices when using AI/ML models

Spotlight on providing adverse action notices under the Equal Credit Opportunity Act and the Fair Credit Reporting Act when using artificial intelligence, including machine learning models.

By Patrice Alexander Ficklin, Tom Pahl, and Paul Watkins

Topics:

• • Equal Credit Opportunity Act
• • Innovation
• • Fair Credit Reporting Act

Category: Policy and compliance |

Published AUG 06, 2019

An update on credit access and the Bureau’s first No-Action Letter

An update on results provided under the Bureau’s No-Action Letter on alternative data and machine learning

By Patrice Alexander Ficklin and Paul Watkins

Topics:

• • Credit reports and scores
• • Innovation
• • Fair lending