At the Intersection of Technology, Law, and Business
July 02, 2019 - Artificial Intelligence, Financings, Fintech

Policy Makers Examine the Disparate Impact Risk of Artificial Intelligence and Underwriting

Why Should Your Startup Care About Intellectual Property?

Recent Congressional activity reflects increasing concern in the fair lending implications of artificial intelligence (AI) in credit underwriting. Congress and regulatory agencies are likely to press financial services providers to better understand the AI they use and to ensure that its use does not result in unfair treatment of minorities and other protected groups through the employment of seemingly neutral criteria that have a disproportionate impact on protected classes of consumers.

Read our client alert.