{"id":4607,"date":"2022-03-07T13:24:13","date_gmt":"2022-03-07T18:24:13","guid":{"rendered":"https:\/\/nationalfairhousing.org\/?p=4607"},"modified":"2022-03-07T13:24:14","modified_gmt":"2022-03-07T18:24:14","slug":"cfpb-consumer-financial-protection-bureau-outlines-options-to-prevent-algorithmic-bias-in-home-valuations","status":"publish","type":"post","link":"https:\/\/nationalfairhousing.org\/cfpb-consumer-financial-protection-bureau-outlines-options-to-prevent-algorithmic-bias-in-home-valuations\/","title":{"rendered":"CFPB: &#8220;Consumer Financial Protection Bureau Outlines Options To Prevent Algorithmic Bias In Home Valuations&#8221;"},"content":{"rendered":"\n<p class=\"content-wrap-item post__paragraph\">Standards will help protect homebuyers and owners during the valuation process|  Feb. 23, 2022<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.consumerfinance.gov\/about-us\/newsroom\/cfpb-outlines-options-to-prevent-algorithmic-bias-in-home-valuations\/\" target=\"_blank\" rel=\"noreferrer noopener\">View the full article on CFPB&#8217;s website<\/a><\/span><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong>Washington, D.C.<\/strong>&nbsp;\u2013 The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cIt is tempting to think that machines crunching numbers can take bias out of the equation, but they can\u2019t,\u201d said CFPB Director Rohit Chopra. \u201cThis initiative is one of many steps we are taking to ensure that in-person and algorithmic appraisals are fairer and more accurate.\u201d<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><a href=\"https:\/\/www.consumerfinance.gov\/about-us\/newsroom\/cfpb-outlines-options-to-prevent-algorithmic-bias-in-home-valuations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"text-decoration: underline;\">View the full article on CFPB&#8217;s website<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standards will help protect homebuyers and owners during the valuation process| Feb. 23, 2022 View the full article on CFPB&#8217;s website Washington, D.C.&nbsp;\u2013 The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine [&hellip;]<\/p>\n","protected":false},"author":433,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[71],"class_list":["post-4607","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-appraisal-bias"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CFPB: &quot;Consumer Financial Protection Bureau Outlines Options To Prevent Algorithmic Bias In Home Valuations&quot; - NFHA<\/title>\n<meta name=\"description\" content=\"Standards will help protect homebuyers and owners during the valuation process| Feb. 23, 2022 View the full article on CFPB&#8217;s website Washington, D.C.&nbsp;\u2013 The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. 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