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 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.