The Building Blocks of Meaningful AI Regulation

Buying a home is an important milestone many Americans dream about. Kids grow up doodling images of their dream home. College students start building their credit early so they can apply for a mortgage in the future. People save money for years so they can afford a downpayment. But, imagine if after all that dreaming and hard work, your hopes of buying a home are dashed by a biased lending algorithm that uses your race, or where you grew up, to determine your future. According to a recent investigation conducted by The Markup, this nightmare is a reality for many prospective borrowers in the United States.