How many bias finding AI incidents have banks had since 2022?
As of Oct 21, 2026, the register holds 3 publicly reported AI incidents at banks and fintechs in the bias finding category since January 2022. 2 of the 3 records involve systems the institution or a regulator described as AI; 1 is an automated system not described as AI. Countries: United States (2), Netherlands (1). Average severity 2.7 on a 1–5 scale. Status: 1 confirmed by the institution, 1 regulator finding, 1 settled. The most recent is "Massachusetts AG settles with student lender Earnest for $2.5m over AI underwriting disparate impact" (Jul 10, 2025).
| Date | Institution | Incident | AI? | Role | Category | Severity | Status |
|---|---|---|---|---|---|---|---|
| Jul 10, 2025 | Earnest Operations LLC | Massachusetts AG settles with student lender Earnest for $2.5m over AI underwriting disparate impact | AI (stated) | Governance finding | Bias finding | 3 | Settled |
| Jul 25, 2024 | ING Bank N.V. | Dutch human-rights institute finds ING's automated payment screening discriminated over non-Dutch names | Automation, not AI | Governance finding | Bias finding | 3 | Regulator finding |
| Mar 27, 2024 | Upstart | Independent monitor finds approval disparities for Black applicants in Upstart's AI lending model | AI (stated) | Governance finding | Bias finding | 2 | Confirmed by the institution |
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