Consumer advocates and fintechs say a closer look needs to be taken at traditional credit scores and models, perhaps using a recently released fairness framework.

“People are realizing more and more that the data that we are using to build these systems is biased. It’s tainted. If you’re using biased data, you’re going to get biased outputs. So examining that data, making sure it’s clean, making sure it’s representative, making sure that it’s fair and accurate is really important,” said Lisa Rice, president and CEO of the National Fair Housing Alliance.

Read more about how credit scoring is changing here.