Federal financial regulators published a Request for Information (RFI) to gather input from the public on how financial institutions use artificial intelligence (AI) and machine learning (ML) in lending and what factors regulators should consider for regulatory oversight of these practices. Woodstock Institute signed on to a group comment letter led by the National Fair Housing Alliance (NFHA), Fair Play AI, American Civil Liberties Union (ACLU), Lawyers’ Committee for Civil Rights Under Law, National Community Reinvestment Coalition, Upturn, AI Blindspots, FinRegLab, Tech Equity Collaborative, BLDS, and Relman Colfax PLLC.
Americans for Financial Reform created a shortened version of the above letter, highlighting the main points. Woodstock signed onto this letter as well.