Center and EBCLC File Comment on AI/Machine Learning and Equal Credit Opportunity Act

December 1, 2020

The Center and the East Bay Community Law Center filed a joint comment responding to the CFPB's request for information on the Equal Credit Opportunity Act (ECOA). Specifically, the comment responded to a question about the use of artificial intelligence and machine learning to determine creditworthiness of consumers. Without proper oversight, these algorithms pose a serious risk of discrimination — in violation of ECOA. Read the comment here.