Risk Watch 114—Fair Lending Model Validation: Strengthening Your Fair Lending System
Many institutions are using fair lending models tasked with evaluating an organization’s decisioning and pricing relative to the prohibited factors, such as race, gender, religion, age, etc. However, are these models working correctly and doing what they were designed to do? Assuming the answer is yes could be a costly mistake. Ken Agle of AdvisX shows you how a fair lending model validation is the most effective way to ensure your fair lending system is working properly. [12/16/16]
