Consumer Protection - Consumer Reporting Agencies - Use of Algorithmic Systems

Sets requirements for consumer reporting agencies that use algorithmic systems to assemble or evaluate consumer credit information for reports furnished to third parties. Maryland's Commissioner of Financial Regulation must set assessment thresholds for the algorithms, mandate training for human reviewers, and implement a whistleblower protection program.

Summary generated by AI from the official bill text — may contain errors. Read the official text ↗ (opens in new tab)