S8115 — Relates to the use of automated lending decision-making tools by banks for the purposes of making lending decisions

S8115 — Relates to the use of automated lending decision-making tools by banks for the purposes of making lending decisions · Informed CitizenryThe bill amends the banking law by adding a new section (103-A) governing the use of automated lending decision-making tools by covered entities. Definitions are established for "Automated Lending…Open in Informed Citizenry