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Is Your AI Intelligent Enough? The CFPB Says it Will Actively Police the Use of Chatbots and Warns of Risks | Katten Muchin Rosenman LLP

In June, the Consumer Financial Protection Bureau (CFPB) issued a report (Report) summarizing its research into the use of artificial intelligence (AI) in consumer finance. The Report. ....

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CFPB provides analysis of Chatbots and Risks

In June, CFPB issued a report summarizing its research into the use of artificial intelligence AI in consumer finance. The Report focused on the shift away from human support to algorithmic support in the banking and consumer finance industry. ....

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