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Unintended consequences

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When it was lawful to include gender in a credit scorecard, it was universally included. This is because gender is predictive of the risk of default, indeed at the time it was ranked in the top 6 of all predictive characteristics.

As the machinations of scorecards are kept very secret, only very few knew exactly how gender affected a credit score. The generally held view, never challenged, was that the inclusion of gender in credit scorecards and in other automated decision processes was damaging to women. Even government regulators at the time believed that the existing decisioning systems prejudiced women.

So when equality law required the removal of gender from scorecards, the truth came out. Women are more discipline .....

Full Article

20 Aug 2019 by Barry Stamp Credit Score
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