If you’ve ever applied for a loan and wondered how the decision was really made, you’re not alone. Increasingly, banks rely on artificial intelligence to evaluate creditworthiness, detect risk, and approve or deny applications. Now, a new Texas law is starting to shine a light on that process, giving consumers more transparency than ever before. While it doesn’t completely overhaul how lending works, it signals a major shift toward accountability in how algorithms are used. For everyday borrowers—especially older adults and fixed-income households—understanding these changes could make a real difference when applying for credit.
