Αποτελέσματα Αναζήτησης
15 Αυγ 2016 · Disparate impact occurs when you apply your policy “neutrally” (everyone gets treated the same); yet by virtue of your policy you cause a Disparate impact on a prohibited basis in your market. Example: Your investors allow for a 620 credit score.
7 Φεβ 2017 · When a lender applies a racially or otherwise neutral policy or practice equally to all credit applicants, but the policy or practice disproportionately excludes or burdens certain persons on a prohibited basis, the policy or practice is described as having a “disparate impact.”
11 Μαΐ 2023 · In lending, businesses can still be held accountable for using practices or policies without intending to be discriminatory and, in the process, inadvertently violate fair lending legislation. This is why it’s so important to understand what disparate impact in lending is and how to prevent it.
21 Φεβ 2018 · Disparate impact is when a lender applies a racially or otherwise neutral policy or practice equally to all credit applicants, but the policy or practice disproportionately excludes or burdens certain persons on a prohibited basis.
disparate treatment and disparate impact. Disparate treatment occurs when a creditor treats an applicant differently based on a prohibited basis such as race or national origin.
23 Μαΐ 2024 · Understanding and addressing disparate impact is crucial for ensuring fair lending practices. In this article, we will delve into the concept of disparate impact, its implications for financial institutions, and strategies to mitigate associated risks.
Disparate impact testing requires quantitatively testing models for fairness with respect to classes of borrowers protected under the Equal Credit Opportunity Act (ECOA)1 or Fair Housing Act (FHA).2 It is fundamentally different from traditional fair lending analyses that look to uncover differences in outcomes across groups due to differential ...
