Fairness in Lending policies

Fairness in lending policies ensures that all individuals have equal access to credit and financial services without discrimination. These policies aim to prevent bias based on race, gender, age, or socioeconomic status, promoting transparency in lending practices. Lenders are required to base decisions on objective criteria, such as creditworthiness and ability to repay, rather than personal characteristics. By enforcing fairness, regulators help create a level playing field, encouraging responsible lending and improving financial inclusion for all consumers, ultimately fostering a healthier economy.