Algorithms are part of our everyday life. For example, when you Google a question, it is an algorithm that brings up the most popular sites. Using a proprietary computation, Google ranks the websites ...
Companies relying on complex algorithms must provide specific and accurate explanations for denying applications Washington, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) confirmed ...
The Consumer Financial Protection Bureau recently warned companies that, under federal anti-discrimination laws, they still owe consumers an explanation of specific reasons for denying credit ...
Technology is continuously advancing and exponentially increasing the amount of data produced. Data comes from a multitude of sources and formats, requiring systems to process different algorithms.
For better accountability, we should shift the focus from the design of these systems to their impact. Getty Describing a decision-making system as an “algorithm” is often a way to deflect ...
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