Whether to pause a product pending a lookback from model-reason-code mapping

SITUATION Model-risk partner for credit scoring is responsible for to pause a product in a small-business desk using a new vendor score, using model-reason-code mapping that does not match notices as the only working extract. A DOJ or CFPB monitor request for pricing files is what reset the timeline for this Fair Lending Pricing and Credit Limits file.

DECISION Model-risk partner for credit scoring in a small-business desk using a new vendor score must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using model-reason-code mapping that does not match notices after a DOJ or CFPB monitor request for pricing files.

HYPOTHESES TO TEST 1. Authorize Remove access or reverse the item now; model-reason-code mapping that does not match notices already has the discriminator after a DOJ or CFPB monitor request for pricing files. 2. Keep Temporary compensating control in force until model-reason-code mapping that does not match notices is completed after a DOJ or CFPB monitor request for pricing files for model-risk partner for credit scoring. 3. Treat model-reason-code mapping that does not match notices as Approve a documented exception because both readings appear after a DOJ or CFPB monitor request for pricing files. 4. Refuse a Fair Lending close: model-risk partner for credit scoring does not have the decision to pause a product turns on in model-reason-code mapping that does not match notices.

ANALYSIS REQUIRED 1. Flag any disparate-impact table model-risk partner for credit scoring cannot explain from model-reason-code mapping that does not match notices. 2. Test a documented exception versus a pattern a small-business desk using a new vendor score must defend. 3. Match the adverse-action language to the facts in model-reason-code mapping that does not match notices. 4. For this Fair Lending Pricing and Credit Limits file, read model-reason-code mapping that does not match notices against a DOJ or CFPB monitor request for pricing files and write the one fact that would move to pause a product for model-risk partner for credit scoring.

RECOMMENDATION Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Fair Lending / Pricing and Credit Limits packet (model-reason-code mapping that does not match notices after a DOJ or CFPB monitor request for pricing files). If model-reason-code mapping that does not match notices cannot force a Fair Lending label under Pricing and Credit Limits, stop. Do not invent missing evidence a small-business desk using a new vendor score does not have.

COMMAND RETURNS - Bottom-line Fair Lending option on to pause a product, then the evidence in model-reason-code mapping that does not match notices, then the action for model-risk partner for credit scoring - Hypothesis scorecard against model-reason-code mapping that does not match notices: supported / rejected / untestable - Named option among Remove access or reverse the item, Temporary compensating control, Approve a documented exception and the fact that kills the others - Owner and next date for model-risk partner for credit scoring in a small-business desk using a new vendor score