Banks need to mitigate potential bias in algorithmic predictive models using artificial intelligence, as regulators are weighing how to oversee the emerging technology.
Under a proposal yet to be officially unveiled, plaintiffs relying on the so-called “disparate impact” doctrine would have to show a more direct link between a lender’s policy and discriminatory effect.
The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which was run by Steven Mnuchin prior to him becoming Treasury secretary.
Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.
The ruling deals a blow to efforts by the Department of Housing and Urban Development to restrict nonprofit housing funds from operating on a national scale.
Treasury and HUD are close to unveiling administrative and legislative options for ending the conservatorships of Fannie Mae and Freddie Mac. Will their findings be heavy on detail or leave a lot unanswered?
A group of Senate Democrats have called on HUD Secretary Ben Carson to reverse his agency’s opinion that borrowers in the Deferred Action for Childhood Arrivals program are ineligible for FHA loans.
