SERVICES INSIGHTS OFFICES CAREERS MENU PODCAST CFPB Director Chopra’s Targeting of “Digital” or “Algorithmic” Redlining: What It Means for Providers of Technology and Consumer Credit November 18, 2021 Share After reviewing federal regulators’ traditional theory of redlining, we discuss the types of underwriting practices that are likely targeted by Director Chopra’s recent comments expressing concern about “algorithmic redlining,” examine how the use of machine learning (ML) underwriting models incorporating alternative data can be more inclusive than traditional logistic regression models and result in more approvals for protected class members and “credit invisibles,” and offer our thoughts on actions that technology and credit providers should take in response to Director Chopra’s comments when developing and using ML models. Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation, joined by Chris Willis, Co-Chair of the firm’s Consumer Financial Services Group. View the recording transcript here. More Episodes PODCAST | CONSUMER FINANCE MONITOR A Look at the Legal Issues Raised by Targeted Advertising PODCAST | CONSUMER FINANCE MONITOR A Close Look at the CFPB's Section 1071 Proposed Rule to Expand Data Collection and Reporting in the Small Business Lending Market: Part II PODCAST | CONSUMER FINANCE MONITOR A Close Look at the CFPB's Section 1071 Proposed Rule to Expand Data Collection and Reporting in the Small Business Lending Market: Part I PODCAST | CONSUMER FINANCE MONITOR CFPB Enforcement Action Developments and Trends Subscribe to Ballard Spahr Mailing Lists Get the latest significant legal alerts, news, webinars, and insights that affect your industry. SUBSCRIBE Copyright © 2021 by Ballard Spahr LLP. www.ballardspahr.com (No claim to original U.S. government material.) All rights reserved. No part of this podcast may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher. This podcast is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have. CONTACTS Christopher J. Willis PARTNER willisc@ballardspahr.com TEL 678.420.9436 Alan S. Kaplinsky SENIOR COUNSEL kaplinsky@ballardspahr.com TEL 215.864.8544 RELATED AREAS Consumer Financial Services SUBSCRIBE ©2021 Ballard Spahr LLP RETURN TO TOP Ballard360 Access Portal Alumni Client Portal Privacy Attorney Advertising Copyright & Legal Info