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NFHA recommends policy changes to address AI in mortgage industry
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Consumer Protection
Friday, August 25, 2023
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The National Fair Housing Alliance made recommendations of necessary policy and practice shifts to address the risk of discriminatory lending through the use of artificial intelligence and other enhanced technologies.
The housing organization stated it was concerned about how algorithmic decision-making and its lack of transparency could prevent individuals from protecting their rights when applying for a home loan.
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