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Voluntary Protection Products: Do males and females get the same deal?
AI-generated image from Midjourney. Voluntary Protection Products Blog. [This is the 2nd installment in a multi-part series on voluntary protection products. You can see the previous post here] Voluntary Protection Products Many car buyers supplement their car purchases with voluntary protection products (VPPs) like maintenance plans, appearance protection, and anti-theft devices. Informed conducted research to…
New Research Reveals Age and Gender Differences in Vehicle Add-On Purchases
Ep 2: Bias and AI
Ep 2: Bias and AI
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DEI Trends in action at Top Auto Lenders
As a leading provider of financial transparency for the auto industry, we are dedicated to sharing our knowledge and insight to boost the prosperity of communities and lenders we serve. Regarding workplace diversity, equity, and inclusion (DEI), there are notable trends and insights that support an overall strategy: Authentic Relationships Drive Diversity Building authentic relationships.
How to Reduce Bias in Consumer Lending
To err is human. “But,” it is said, “to really mess up takes a computer!” Perhaps that quip is the origin behind the suspicion that Artificial Intelligence (AI) algorithms could add to unfairness in consumer lending. Properly used, however, AI can actually reduce bias. Bias in consumer lending occurs when a lender makes a decision.