Why might it be problematic if a loan approval machine learning model is not transparent and explainable in its decision-making process?

  • Increased risk of discrimination
  • Enhanced privacy protection
  • Improved loan approval process
  • Faster decision-making
If a loan approval model is not transparent and explainable, it may lead to increased risks of discrimination, as it becomes unclear why certain applicants were approved or denied loans, potentially violating anti-discrimination laws.
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