there is an entire specialty of Model Risk Management, banks have entire departments that oversee models used for decision making and ensure compliance with fai

there is an entire specialty of Model Risk Management, banks have entire departments that oversee models used for decision making and ensure compliance with fair lending laws and other laws https://www.occ.treas.gov/publications-and-resources/publications/comptrollers-handbook/files/model-risk-management/pub-ch-model-risk.pdf https://www.occ.treas.gov/publications-and-resources/publica...