How To Identify Less Discriminatory Lending Alternatives and Why the Search Matters

A new generation of machine learning tools is available to help lenders build fair lending models. While fairness in lending has become a topic of broad interest, it is particularly crucial for compliance and fair-lending teams to be aware of novel methods that can help them succeed in their roles. This article explains the inner workings of these new approaches and analyzes why reducing bias in decision making is critical.  

When it comes to fair lending, regulat…