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that aim to provide regulators with more transparency about how companies in the financialservices industry are using artificial intelligence. The bills were introduced days before the House FinancialServices Committee holds a hearing on “How Technology is Shaping the Future of Finance.”
2547 was sponsored by House FinancialServices Committee Chairwoman Rep. Restrictions on the reporting or consideration of certain debt prevents lenders from seeing borrowers’ complete debt circumstances and clouds lenders’ ability to fairly assess borrowers’ creditworthiness. The bill, H.R. Maxine Waters (D-Calif.),
Federal Activities: On June 18, the Federal Housing Administration (FHA) announced updates to its student loan monthly payment calculations to help provide greater access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.
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