CFBP wants lenders to disclose credit denial reasons when complex algorithms are used

Is the hunt for red lining going too far? How much should a lender have to disclose when the overall risk doesn’t make sense?

https://www.housingwire.com/articles/cfpb-wants-lenders-to-disclose-reason-for-denial-of-credit/

submitted by /u/jakeallen
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Is the hunt for red lining going too far? How much should a lender have to disclose when the overall risk doesn’t make sense? https://www.housingwire.com/articles/cfpb-wants-lenders-to-disclose-reason-for-denial-of-credit/ submitted by /u/jakeallen [link] [comments]

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