adverse action notices

How to Comply With Colorado’s AI Act (SB 24-205) for High-Risk HR and Lending Algorithms Explained

How to Comply With Colorado’s AI Act (SB 24-205) for High-Risk HR and Lending Algorithms Explained

Artificial Intelligence Regulation /

Colorado’s AI Act (SB 24-205) takes effect on February 1, 2026, and it imposes compliance duties on businesses that develop or deploy “high-risk” AI in employment and lending. For Colorado employers, lenders, fintechs, and HR vendors, the law targets algorithmic discrimination and requires governance, notices, and risk management. This article explains who is covered, what […]

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AI loan denial explanation document

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 /

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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