In this paper, Marsha Courchane and Leonard C. Kiefer and Peter M. Zorn of Freddie Mac, explore whether modern automated underwriting systems (AUS) can be used to extend credit to borrowers responsibly, with a particular focus on target populations that include minorities and those with low‐ and moderate incomes. To read the paper, click the link below.
Fair lending: Considerations when searching for less discriminatory alternatives
The Consumer Financial Protection Bureau increasingly expects institutions to explore less discriminatory alternatives (LDAs) as part of their disparate impact...