Antidiscrimination Laws, Artificial Intelligence, and Gender Bias: A Case Study in Nonmortgage Fintech Lending

The authors use a simulation to evaluate the impact of three different types of antidiscrimination laws in the context of non-mortgage fintech lending: laws that allow for the collection and use of credit applicants’ gender in AI underwriting models; laws that allow for the collection of gender but bar using that information as a feature in models used to extend consumer credit; and laws that prohibit the collection of such information.