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The Consumer Financial Protection Bureau ("CFPB") released a regulatory Circular providing guidance regarding the use of "complex algorithms" to assess whether a consumer should be extended credit.
When Congress enacted the CFPA in 2010, it provided for concurrent enforcement by federal and state regulators.
On March 31, 2022, the Federal Trade Commission ("FTC") and the Illinois Attorney General ("AG") sued a group of auto dealers ("Napleton" or the "Companies") for violating Section 5 of the FTC Act...
"Fintech" refers generally to the financial services industry's emerging use of sophisticated software, including machine learning and artificial intelligence (AI), and other modern technologies...
On March 16, 2022, the Consumer Financial Protection Bureau (CFPB) announced changes to its supervisory operations for the stated purpose of positioning the CFPB to better protect families and ...