TITLE

Analysis: Turning Off Decision Engines Has Hurt Lending Volume

AUTHOR(S)
Birch, Ray
PUB. DATE
August 2011
SOURCE
Credit Union Journal;8/22/2011, Vol. 15 Issue 32, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
65103719

 

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