Relations (1)

cross_type 2.00 — strongly supporting 1 fact

The Consumer Financial Protection Bureau regulates and monitors the use of credit scoring models by financial institutions, as evidenced by their directives for fair lending compliance [1], requirements for testing models for disparities [2], and the development of alternative models to evaluate existing credit scoring systems [3].

Facts (1)

Sources
Fair Lending Report of the Consumer Financial Protection Bureau federalregister.gov Consumer Financial Protection Bureau 1 fact
claimCFPB exam teams utilize open-source automated debiasing methodologies to develop potential alternative models to the credit scoring models used by financial institutions.