Latest / AI Ethics with Fexingo: Bias, Safety, and Responsible Artificial Intelligence
The AI System That Decides Your Credit Score
Lucas and Luna investigate how artificial intelligence has quietly taken over consumer credit scoring in the United States, focusing on the case of a 2023 lawsuit against a major credit bureau that used a machine learning model to set credit limits. They walk through how the model penalized customers who used certain types of retail credit cards, why regulators are struggling to audit these systems, and what the 'right to explanation' movement means for borrowers. The episode centers on a specific finding from a 2025 Federal Reserve study showing that 18 percent of credit denials from…
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