Zest.ai | hello @zest.ai Special Report: Three Ways AI/ML Can Increase Economic Inclusion In AmericaTable of Contents 2A Costly Flaw In The Credit System Banks and credit unions want to do more to reach underserved communities, but they are wary of lending to borrowers whose risk they struggle to assess, often people of color, people without a college degree, recent immigrants, and many of the 40 million “credit invisible” Americans. Research by the Consumer Financial Protection Bureau shows that as many as 15% of African Americans and Hispanics are credit invisible and another 13% of Blacks and 12% of Hispanics have records that are so thin they’re treated as unscorable by commercially available credit scoring models. Compared with white credit applicants, people of col

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