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Harris announces new actions to tackle racial bias in home appraisals 

Por: The Hill Politics June 01, 2023

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Vice President Harris on Thursday announced a new rule to require financial institutions to ensure their home appraisal algorithms are not contributing to racial bias in home valuations. The rule, subject to a 60-day public comment period, aims to establish quality control standards to help ensure accuracy and fairness for Automated Valuation Models (AVM), the algorithmic models used to assess the value of homes.  Additionally, the... + full article



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