Report <https://www.brookings.edu/search/?post_type=research> Credit denial in the age of AI Aaron Klein <https://www.brookings.edu/experts/aaron-klein/> Thursday, April 11, 2019 *Editor's Note:* /This report is part of "//A Blueprint for the Future of AI <https://www.brookings.edu/series/a-blueprint-for-the-future-of-ai/>//," a series from the Brookings Institution that analyzes the new challenges and potential policy solutions introduced by artificial intelligence and other emerging technologies./ Banks have been in the business of deciding who is eligible for credit for centuries. But in the age of artificial intelligence (AI), machine learning (ML), and big data, digital technologies have the potential to transform credit allocation in positive as well as negative directions. Given the mix of possible societal ramifications, policymakers must consider what practices are and are not permissible and what legal and regulatory structures are necessary to protect consumers against unfair or discriminatory lending practices. In this paper, I review the history of credit and the risks of discriminatory practices. I discuss how AI alters the dynamics of credit denials and what policymakers and banking officials can do to safeguard consumer lending. AI has the potential to alter credit practices in transformative ways and it is important to ensure that this happens in a safe and prudent manner. […] Continua qui: https://www.brookings.edu/research/credit-denial-in-the-age-of-ai/