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Home » Store » Fair Lending » Congressman: CFPB to Include Fintechs in Complaint Database

Congressman: CFPB to Include Fintechs in Complaint Database

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A Democratic lawmaker on the House Financial Services Committee is recommending that the CFPB include financial technology (fintech) companies in its complaint database to protect small business borrowers from discrimination. Rep. Emanuel Cleaver, D-MO, last year launched a survey to study the use of automated algorithms in loan applications in order to determine whether fintechs protect companies from unintentional discrimination. Many fintech lenders argue ...
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