HUD's new housing rule has an A.I. loophole that's bad for America

Posted from: https://www.cnbc.com/2019/10/03/huds-new-housing-rule-has-an-ai-loophole-thats-bad-for-america.html

Lenders are turning to AI for home-loan decisions because discrimination, even unintentional bias, remains endemic to housing. A new fair lending proposal from HUD is anything but fair. It may help unleash discriminatory AI in the mortgage market….

Posted from: https://www.cnbc.com/2019/10/03/huds-new-housing-rule-has-an-ai-loophole-thats-bad-for-america.html

Lenders are turning to AI for home-loan decisions because discrimination, even unintentional bias, remains endemic to housing. A new fair lending proposal from HUD is anything but fair. It may help unleash discriminatory AI in the mortgage market….

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