Equal Credit Opportunity Act

Upcoming Data Reporting Requirements Could Shape Small Business Lending’s Future
Upcoming Data Reporting Requirements Could Shape Small Business Lending’s Future
April 16, 2024  |  Loans

Main Street businesses represent the backbone of both the American economy and their local communities. And with the news on Tuesday (April 16) that Rapid...

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CFPB Says Lenders Must Explain AI-Driven Credit Denials
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need...

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