David McGee

Cooley LLP

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CFPB Warns Complex Consumer Credit Decision Models May Violate ECOA

On May 26, 2022, the Consumer Financial Protection Bureau warned via Consumer Financial Protection Circular 2022-03 that creditors using complex algorithmic credit evaluation models are not shielded from complying with the...more

6/3/2022  /  Consumer Financial Protection Bureau (CFPB) , ECOA , Financial Services Industry , Regulation B
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