That's right. When you apply for a loan, a credit card, or a mortgage, many lenders are using artificial intelligence to evaluate your credit worthiness on much more data than your credit history.
The Federal Reserve Consumer Compliance Outlook reports lenders can also use AI to gather what's called Big Data or Fringe Data, often from social media platforms, like your browsing history, shopping habits, occupation, education, as well as the places you visit that are tracked by your cell phone. FOX 26 Houston is now on the FOX LOCAL app available through Apple TV, Amazon FireTV, Roku and Google Android TV!
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