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Vice Chair Barr Speaks on Fair Lending in Age of AI
July 20, 2023Michael Barr, the Federal Reserve Board’s (“FRB”) Vice Chair for Supervision, delivered remarks, titled “Furthering the Vision of the Fair Housing Act,“ to the National Fair Housing Alliance 2023 National Conference earlier this week.
Vice Chair Barr noted the importance of the Fair Housing Act and the Equal Credit Opportunity Act (“ECOA”) “in making good on the promise of the Civil Rights Act, and of the vision of Dr. Martin Luther King, to build a fair and equal society.” He also noted that “today we can recognize the progress made in fair housing while also acknowledging how much farther we have to go and recommitting ourselves to reaching that destination.”
