Potential Bias in AI Consumer Decision Tools Eyed by FTC, CFPB -
Potential discrimination and bias resulting from consumer tools based on artificial intelligence and automated data will be an enforcement focus of...more
12/12/2022
/ Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Financial Protection and Innovation (DFPI) ,
Discrimination ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Fines ,
Payday Loans ,
Proposed Rules ,
Sephora ,
UDAAP
The regulation and enforcement of financial technology (Fintech) remains in sharp focus for California’s consumer finance regulator, the Department of Financial Protection and Innovation (DFPI), as it moves into its second...more