August 8 2020

Fed Looks at Fair Lending Implications of Targeted Internet Marketing

Fed Looks at Fair Lending Implications of Targeted Internet Marketing

Internet algorithms can seem almost magical in how precisely they can target segmented populations. But what happens when they shut out protected groups? "By enabling advertisers (or the technology companies they rely on) to curate information for consumers based on detailed data about them, including habits, preferences, financial patterns, and where they live, there is a risk that this curation may result in digital redlining or steering," warns this Fed Reserve official. [1/15/20]

Risk Watch Plus Webinar 6: Fair Lending – Chicago MSA

In this certificated webinar (see instructions in video for how to get your free certificate of completion), we dive into the HMDA waters to see which of the major lenders in Chicago look good and which should take a deeper dive into the data sooner than later. You can use a similar model for your MSA, or AdvisX can help. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) How much is too much when it comes to Covid-19 allowances? 2) Here’s what’s bugging consumer activist groups about CRA; 3) CRA blowback is even coming from unexpected quarters.. Click here to watch now.

What is the AffirmX Platform?

Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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