Policy Library

5 documents

Automation, Artificial Intelligence, and Machine Learning in Consumer Lending
Congressional Research Service · 2023-05-10 · Resources · 1,480 words · PDF available
Financial firms may use algorithms—pre-coded sets of instructions and calculations that are executed automatically—to enhance consumer loan underwriting, the process of evaluating the likelihood that ...
Social Security Trust Fund Investment Practices
Congressional Research Service · 2023-05-10 · Resources · 1,681 words · PDF available
Background Social Security is a self-financing program that provides monthly cash benefits to retired or disabled workers, and to the eligible family members of retired, disabled, or deceased workers....
Social Security’s Funding Shortfall
Congressional Research Service · 2023-05-10 · Resources · 1,748 words · PDF available
Overview Social Security provides monthly cash benefits to retired or disabled workers, their family members, and family members of deceased workers. Many people of all ages have some connection to th...
Remittances: Background and Issues for the 118th Congress
Congressional Research Service · 2023-05-10 · Reports · 6,442 words · PDF available
This report focuses on remittances, the transfers of money and capital sent by migrants and foreign immigrant communities to their home countries. At over $626 billion annually, remittances sent home...
Social Security Retirement Earnings Test: How Earnings Affect Benefits
Congressional Research Service · 2023-05-10 · Reports · 16,277 words · PDF available
Under the Social Security Retirement Earnings Test (RET), the monthly benefits of most Social Security beneficiaries who are below full retirement age (FRA)—between 65 and 67, depending on year of bir...