Direct Answer: AI lending bias is a real problem. Studies show AI models can discriminate against minorities, even when race isn’t an input. The CFPB has issued guidance requiring explainability and f…
How AI Is Changing Credit Scoring in America: US Beyond FICO in 2026
Direct Answer: AI is replacing the 35-year-old FICO model with systems that analyze 1,000+ data points instead of 5. Companies like Upstart approve 27% more borrowers with 16% lowe…