Formal agreements with five banks for “unsafe or unsound practices” were reached by the national bank regulator in October, so far, the agency said in a Thursday release. The five actions included the agreement reached […]
Banks should provide access to services, capital, and credit based on the risk assessment of individual customers – including oil and other energy companies – rather than broad-based decisions affecting whole categories or classes of customers, […]
The role of artificial intelligence (AI) and, within it, machine learning (ML), in the credit underwriting process is under review at the Consumer Financial Protection Bureau (CFPB), which highlighted in a blog post Wednesday the […]
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