How many credit decisioning AI incidents have banks had since 2022?
As of Oct 21, 2026, the register holds 1 publicly reported AI incident at banks and fintechs in the credit decisioning category since January 2022. 1 of the 1 record involves systems the institution or a regulator described as AI; 0 are automated systems not described as AI. Countries: United States (1). Average severity 3.0 on a 1–5 scale. Status: 1 court filing. The most recent is "Upstart says its AI underwriting model over-reacted to macro signals, cutting approvals; investors sue" (Nov 4, 2025).
Incidents
| Date | Institution | Incident | AI? | Role | Category | Severity | Status |
|---|---|---|---|---|---|---|---|
| Nov 4, 2025 | Upstart | Upstart says its AI underwriting model over-reacted to macro signals, cutting approvals; investors sue | AI (stated) | Institution's own AI | Credit decisioning | 3 | Court filing |
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