Lori Sommerfield

Lori Sommerfield

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CFPB Releases a Warning — But No Helpful Guidance — on Machine Learning Model Adverse Action Notices

On May 26, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or...more

6/1/2022  /  Anti-Discrimination Policies , Consumer Financial Protection Bureau (CFPB) , Creditors , ECOA , Financial Services Industry , Regulation B
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