In the US they do have to explain. It's a requirement of the Equal Credit Opport...

tzs 4 months ago | parent | context | favorite | on: AI systems with 'unacceptable risk' are now banned...

In the US they do have to explain. It's a requirement of the Equal Credit Opportunity Act of 1974 [1]. Here is an article with more detail on what is required in the explanation [2].

[1] https://en.wikipedia.org/wiki/Equal_Credit_Opportunity_Act#R...

[2] https://www.nolo.com/legal-encyclopedia/do-lenders-have-to-t...