Have You Been Denied A Loan? The NFHA Can Help.

Loan denied

Have you been denied a loan or access to traditional financial services? Do you think the cause of denial may have been made in error? The National Fair Housing Alliance can help. The NFHA exists in part to help people of color who are often wrongfully denied financial aid access what they need.

The NFHA is a multi-faceted effort designed to eliminate bias in algorithmic-based systems used in housing and financial services, increase transparency and explainability for AI tools, outline ethical standards for responsible tech, advance effective policies for regulating AI tools, and increase diversity and inclusion in the tech field. The goal is to have the NFHA “gold standard” of algorithmic fairness adopted by regulators, developers, and consumers of AI-based systems.

It is possible that if you are a person of color who was denied a loan, it may have been the result of poorly programmed artificial intelligence. To read more about NFHA's Tech Equity Initiative, which fights against such errors, click here.

To file a complaint, visit the Consumer Financial Protection Bureau, the U.S. government agency making sure that banks, lenders, and other financial companies treat you fairly. Visit consumerfinance.gov to get financial help or to file a complaint.

To learn more about the National Fair Housing Alliance, visit nationalfairhousing.org.

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