Analysis: Turning Off Decision Engines Has Hurt Lending Volume

Birch, Ray
August 2011
Credit Union Journal;8/22/2011, Vol. 15 Issue 32, p1
Trade Publication
The article focuses on Aite Group senior analyst Christine Pratt's analysis on the effect of turning off automated loan decision tools on loan volume. She believes that the fear of making poor loan decision using technology adds up to the decline in lending volume. She warns that credit unions and banks using judgmental lending at risk of violation of the Community Reinvestment Act and inconsistency.


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