A lender uses a complex machine-learning model to deny credit applications. According to CFPB guidance, what must the adverse action notice provide?
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A
A copy of the model's source code
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B
Only a generic statement that the applicant did not meet model criteria
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C
No reasons, since algorithmic decisions are exempt from ECOA notice rules
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D
Specific and accurate principal reasons for the denial, even if the model is complex