March 29, 2019

Fisher Memorial Program: The Fair Lending Implications of AI Underwriting

This year’s Fisher Memorial Program will address and debate the use of artificial intelligence (or machine learning) in the marketing and underwriting of consumer financial services products.

First, we will review the source of artificial intelligence, such as big data, and other information sources. Next we will pose and debate the question as to why financial services companies should not be able to use information available to them, or voluntarily offered by potential consumer in order to craft and offer products to certain consumer based upon such data. Such offers might be designed not only to consumer who are likely to apply, but also be approved and use the product.