CFPB turns rulemaking eye toward AI use in automated home appraisals
Housing Wire
JUNE 25, 2024
The rule specifically targets automated valuation models (AVMs), according to an announcement from CFPB Director Rohit Chopra and deputy director Zixta Martinez. FDIC), the National Credit Union Administration (NCUA) and the Federal Housing Finance Agency (FHFA). businesses. “On
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