Alexandra McFall

Alexandra McFall

Husch Blackwell LLP

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House Committee Forms AI Working Group as Regulators Emphasize Existing Authority to Regulate AI

Here’s what you need to know: 1. The House Financial Services Committee formed a 12-member working group on Artificial Intelligence (AI). The group is tasked with exploring AI’s comprehensive impact on financial services so...more

1/30/2024  /  Artificial Intelligence , Consumer Financial Protection Bureau (CFPB) , Department of Justice (DOJ) , ECOA , Equal Employment Opportunity Commission (EEOC) , FDIC , Federal Trade Commission (FTC) , Financial Services Committee , Popular , Technology

CFPB Issues New Guidance for AI-Driven Credit Decisions

On September 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued new guidance outlining lenders’ obligations under the Equal Credit Opportunity Act (ECOA) and Regulation B when using artificial intelligence (AI)...more

10/12/2023  /  Algorithms , Artificial Intelligence , Black Box , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , ECOA , Fair Lending , Financial Services Industry
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