CFPB Wants Lenders to Disclose Reason for Denial of Credit

HousingWire, May 27, 2022–Maria Volkova
The CFPB said that all lenders, including those using complicated algorithmic models for underwriting decisions, must abide by ECOA and disclose why a customer is denied credit.
https://www.housingwire.com/articles/cfpb-wants-lenders-to-disclose-reason-for-denial-of-credit/