Responsible and Legally Compliant Enterprise Artificial Intelligence in Small-Business Lending: Governance, Explainability, and Fair-Lending Safeguards for Early-Intervention Recommendation Engines
The U.S. fair-lending regulatory landscape for AI-driven credit decisions has developed steadily since 2021: the CFPB confirmed in May 2022 and again in September 2023 that complex algorithmic models do not excuse Equal Credit Opportunity Act (ECOA)...