This article provides an overview of key considerations in evaluating credit scoring models for fair lending risk, including the main fair lending considerations under the Equal Credit Opportunity Act that apply to credit scoring models, and common fair lending risk issues and testing considerations related to scoring models. Click below to read the article.
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...