Credit and Lending

Covers laws and disputes involving borrowing and extending credit, including consumer and business loans, credit cards, mortgages, and lines of credit. Topics include lender and borrower rights, interest and fee limits, disclosures and fair lending rules, debt collection and default, foreclosures and repossessions, and credit reporting issues.

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If You’re Denied a Loan Because of AI, the New Rule Says You Can See Why
Artificial Intelligence Consumer Rights
Credit and Lending Financial Regulation Personal Finance

If You’re Denied a Loan Because of AI, the New Rule Says You Can See Why

May 1, 2026 • By Jack Gilbert
The new rule requires lenders to provide specific reasons when an AI-driven system denies a loan, not vague “credit score” statements. It strengthens adverse action notices so borrowers can understand, challenge errors, and take steps to improve approval odds. This article explains what the rule changes, who it applies to, and what consumers should do […]
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