Anthony Alexis

Anthony Alexis

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Latest Posts › Consumer Financial Protection Act (CFPA)

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CFPB Says Creditors Must Provide Reasons For Taking Adverse Action, Even When Relying On AI

On May 26th, 2022, the Consumer Financial Protection Bureau (“CFPB”) published a Consumer Financial Protection Circular (the “Circular”), confirming that creditors must provide specific reasons for taking adverse action...more

6/6/2022  /  Adverse Action , Algorithms , Artificial Intelligence , Consumer Financial Protection Act (CFPA) , Consumer Financial Protection Bureau (CFPB) , Consumer Lenders , Creditors , ECOA , Lenders , Regulation B

CFPB Broadens Scope of UDAAP Authority to Discrimination and Consumer Reviews

The Consumer Financial Protection Bureau (CFPB) has been actively reshaping the scope of its supervisory and enforcement priorities with respect to unfair, deceptive, or abusive acts or practices (UDAAPs) under the Consumer...more

3/30/2022  /  Consumer Financial Products , Consumer Financial Protection Act (CFPA) , Consumer Financial Protection Bureau (CFPB) , Enforcement Priorities , Financial Services Industry , Online Reviews , UDAAP
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