As refis dry up, mortgage firms vow to lend more to minority borrowers
The industry is prioritizing Black and Hispanic consumers in the interest of social equity and to tap new markets amid declining refinance volume and rising rates.
Differentiated Data and Advanced Analytics
Fintechs seek CFPB guidance on making AI-based lending fair
Six online lenders and the National Community Reinvestment Coalition have asked the Consumer Financial Protection Bureau for clarity on whether disparate-impact rules apply to lending decisions made by machines.
How Ally uses AI to approve auto loans
The digital-only bank has adopted machine learning to process loans faster, more accurately and with better fraud detection than in the past.
