Summary:
Le 10 juillet, le procureur général du Massachusetts a annoncé un règlement avec un prêteur étudiant pour des actes et pratiques trompeurs, y compris l’utilisation abusive d’outils d’IA lors de l’évaluation des demandes de prêt. Les accusations incluent des décisions d’octroi de prêts arbitraires et l’utilisation d’une ‘Règle d’Exclusion’ en fonction de l’état d’immigration. Dans le cadre du règlement, le prêteur a accepté de verser 2,5 millions de dollars et de mettre en place des systèmes de gouvernance pour prévenir les abus en matière de prêts équitables.
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On July 10, the attorney general from Massachusetts (AG) announced a settlement with a student lender for alleged unfair and deceptive acts and practices in violation of consumer protection and lending laws. The allegations included disparate impact resulting from the misuse of AI tools to underwrite Massachusetts consumers’ loan applications, as well as ‘arbitrary human-based loan assessments’ and the employment of a ‘Knock-Out Rule’ to automatically deny applications based on immigration status.
The case was brought under the state’s Consumer Protection Act (G.L. c. 93A), specifically alleging violations of G.L. c. 93A, § 2. The AG claimed the lender failed to prevent disparate outcomes in the underwriting processes for Massachusetts consumers’ credit applications, both in ‘Algorithmic Underwriting’ and ‘Judgmental Underwriting,’ along with other fair lending violations. The lender denied all allegations and maintained it did not violate Massachusetts or federal law.
As part of the settlement, the student loan lender agreed to pay $2,500,000. Additionally, the lender must develop governance systems to prevent fair lending abuses and assess the risks associated with using AI models.