Consumer Financial Protection Bureau Will Clamp Down on AI in Banking
The Consumer Financial Protection Bureau (CFPB) is signaling that it will clamp down on artificial intelligence (AI) practices in banking.
Source: businessinsider.com
Page 5 - Eric Halperin News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Eric Halperin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Eric Halperin Today - Breaking & Trending Today
CFPB warnings of bias in AI could spook lenders
Rohit Chopra, the director of the Consumer Financial Protection Bureau, has cautioned banks, credit unions and fintechs about fair-lending violations that may stem from reliance on artificial intelligence. His comments threaten to discourage financial firms from using the technology to crunch nontraditional data about borrowers, experts say.
Source: americanbanker.com
CFPB warnings of bias in AI could spook lenders
Rohit Chopra, the director of the Consumer Financial Protection Bureau, has cautioned banks, credit unions and fintechs about fair-lending violations that may stem from reliance on artificial intelligence. His comments threaten to discourage financial firms from using the technology to crunch nontraditional data about borrowers, experts say.
Source: nationalmortgagenews.com
More Aggressive Consumer Financial Services Enforcement Expected | Skadden, Arps, Slate, Meagher & Flom LLP
Takeaways - Redlining enforcement will be a significant priority for the CFPB, DOJ and other agencies. Loan servicers should expect increased scrutiny to...
Source: jdsupra.com
Recently Confirmed CFPB Director Rohit Chopra Fills Two Key Leadership Positions | Troutman Pepper
On October 29, the Consumer Financial Protection Bureau (CFPB or Bureau) announced leadership changes in two positions: the assistant director for the Office of Supervision Policy and...
Source: jdsupra.com