Buying a house these days is almost insurmountable. Who can afford to pay cash for a decent house, or even the minimum downpayment? That’s where lenders come in. Banks and finance companies have been doing this for years. But now there is an elephant in the room, called AI. The top US bank regulator is warning that lenders need to ensure that artificial intelligence tools don't perpetuate biases and discrimination in credit decisions.[1]
Federal Reserve Vice Chair for Supervision Michael Ba
