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Legal

As states begin to slowly reopen local economies and businesses begin to resume normal operations, ABA joined a broad coalition of advocacy groups and other organizations in a letter today urging lawmakers to enact “temporary and targeted liability relief legislation” to safeguard businesses, nonprofits and others from lawsuits as employees return to workplaces.

Compliance and Risk Photo by Gertrūda Valasevičiūtė on Unsplash

AI, machine learning and alternative data are helping banks and nonbanks alike make faster decisions and expand access to credit. While fair lending concerns about “black boxes” have impeded wider adoption of these technologies, the regulatory environment is shifting.

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