Understanding regulatory changes is crucial for credit unions to stay compliant and serve their members effectively. Recognizing this, the New York Credit Union Association (NYCUA) is here to break down the latest guidance from the Consumer Financial Protection Bureau (CFPB) on credit denials and artificial intelligence. Below, we’ve shared key points that are relevant to your credit union.
Continue reading “CFPB’s New Guidelines on AI & Credit Denials: What Credit Union Professionals Should Know”
