“Artificial intelligence and machine learning analyses are driving critical decisions impacting our lives and the economic structure of our society. These complex analytical techniques—powered by sophisticated math, computational power, and often vast amounts of data—are deployed in a variety of critical applications, from making healthcare decisions to evaluating job applications to informing parole and probation decisions to determining eligibility and pricing for insurance and other financial services.”

This policy brief from leaders of the National Fair Housing Alliance and FairPlay.AI proposes specific steps regulators can take to ensure that use of AI advances financial inclusion and fairness and to improve regulatory oversight, especially in consumer lending markets.