How will the FCA's Consumer Duty impact the use of AI in mortgage advice for my property investment portfolio, and what due diligence changes are needed?
Quick Answer
The FCA's Consumer Duty demands AI in mortgage advice for property investors ensures good consumer outcomes, fairness, and transparency. This means firms must rigorously test AI models for bias, improve disclosures, and conduct deeper due diligence.
About This Topic
Understand how the FCA's Consumer Duty impacts AI in mortgage advice for UK property investors, demanding transparency and fair outcomes. Learn vital due diligence changes.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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