Rohit Chopra, Director of the CFPB, said, “Companies are not absolved of their legal responsibilities when they let a black-box model make lending decisions.”
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Study Shows Millennials Pose Less Credit Risk than Gen Xers or Boomers
Millennials, which are viewed by many analysts as the key to driving the housing market recovery, are actively seeking credit but largely being denied, according to a white paper released Tuesday by ID Analytics titled "Millennials: High Risk or Untapped Opportunity?"
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