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Friday, March 31, 2017

Will Using Artificial Intelligence To Make Loans Trade One Kind Of Bias For Another?

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Digital lenders are pulling in all kinds of data, like purchases, SAT scores and public records.

The next loan you get may depend less on your credit score and more on what a program thinks of your habits. Digital lenders say the process will be more fair, but others worry about unintended bias.

(Image credit: TCmake_photo/iStockphoto)

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March 31, 2017 at 02:17PM

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from Charles Lane

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