American Banker, April 20, 2022, Why this credit union says AI can reduce lending bias
“A lot of times lenders are nervous about making changes to their models to improve their fairness because they’re concerned that if they make a change to their model, it may be considered a reflection that they had an unfair model before,” when the actuality is that they’re simply enhancing its accuracy, said Brad Blower, general counsel for the National Community Reinvestment Coalition, a nonprofit that advocates for fairness in lending to underserved communities.
