Vice President Harris on Thursday announced a new rule to require financial institutions to ensure their home appraisal algorithms are not contributing to racial bias in home valuations.



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Harris announces new actions to tackle racial bias in home appraisals

WASHINGTON — Vice President Kamala Harris said Thursday that federal agencies are taking new steps to stop racial discrimination in appraising home values by proposing a rule intended to ensure

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New federal proposal aims to stop racial bias in formulas used to value homes

Vice President Kamala Harris says federal agencies are taking new steps to stop racial discrimination in appraising home values by proposing a rule intended to ensure that the automated formulas used to price housing are fair

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Vice President Harris on Thursday announced a new rule to require financial institutions to ensure their home appraisal algorithms are not contributing to racial bias in home valuations. The rule, subject to a 60-day public comment period, aims to establish quality control standards to help ensure accuracy and fairness for Automated Valuation Models (AVM), the…

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WASHINGTON (AP) -- Vice President Kamala Harris said Thursday that federal agencies are taking new steps to stop racial discrimination in appraising home values by proposing a rule intended to ensure that the automated formulas used to price housing are fair.

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Canada

WASHINGTON (AP) — Vice President Kamala Harris said Thursday that federal agencies are taking new steps to stop racial discrimination in appraising home values by proposing a rule intended to ensure that the automated formulas used to price housing are fair. “Everyone should be able to take full advantage of their aspiration and dream of owning a home,” Harris told reporters on a telephone call. Announcement of the proposed rule comes a year aft…

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WASHINGTON (AP) — Vice President Kamala Harris said Thursday that federal agencies are taking new steps to stop racial discrimination in appraising home

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The Biden administration is developing a rule to require banks to ensure their home appraisal algorithms aren't racially biased, Kamala Harris said Thursday.

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Kamala Harris announces rule to tackle racial bias in home valuations

Vice President Kamala Harris said Thursday that federal agencies are taking new steps to stop racial discrimination in appraising home values by proposing a rule intended to ensure that the automated formulas used to price housing are fair.“Everyone should be able to take full advantage of their aspiration and dream of owning a home," Harris told reporters on a telephone call.Announcement of the proposed rule comes a year after the administratio…

Harris announces new actions to tackle racial bias in home appraisals

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