Zest ai
flow-image

CFPB Circular 2022-03 Reminds Law-Abiding Lenders That They Must Generate Accurate Adverse Action Reasons; Zest AI is Here to Help

Published by Zest ai

The Zest AI white paper emphasizes the critical role of explainability in AI-driven credit underwriting, particularly in meeting the CFPB's regulatory standards. It highlights the shortcomings of traditional interpretability methods and advocates for Shapley-based approaches, which provide mathematically sound and accurate explanations of credit decisions. These methods ensure compliance with consumer protection laws while promoting fairness and expanding access to credit, especially for underserved groups. Zest AI's technology offers lenders a reliable way to generate accurate adverse action reasons, enabling more transparent and inclusive lending practices.

Download Now

box-icon-download

Required fields*

Please agree to the conditions

By requesting this resource you agree to our terms of use. All data is protected by our Privacy Policy.

Related Categories Artificial Intelligence, AI Ethics, AI Applications, Image Recognition, Facial Recognition, Sales & Marketing, Customer Segmentation, Demand Forecasting, Enterprise Software, Data Management, Healthcare, Virtual Classrooms, Education Management

More resources from Zest ai