Fintech & Regulations•September 19, 2026
SEC Mandates Public FinTech Firms Disclose Algorithmic Underwriting Risk Models
The Securities and Exchange Commission has issued disclosure rules requiring publicly traded consumer lenders to document autonomous AI credit-scoring failure rates.
Official Press Release
SECFintechAI GovernanceUnderwritingWall Street
The US Securities and Exchange Commission (SEC) announced today that publicly listed financial technology companies must include standardized disclosures regarding autonomous credit scoring models in their quarterly 10-Q and annual 10-K filings.
The guidelines require firms to quantify backtested default rates during macroeconomic stress events and certify that algorithmic scoring mechanisms are protected against synthetic data contamination.
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