On July 10, 2025, the Massachusetts Attorney General (AGO) entered into an Assurance of Discontinuance (AOD) with a private student loan lender (the Company), resolving allegations that the Company's underwriting practices...more
7/22/2025
/ Algorithms ,
Artificial Intelligence ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Enforcement Actions ,
Fair Lending ,
Financial Services Industry ,
FinTech ,
Lending ,
Private Lenders ,
Regulatory Requirements ,
State Attorneys General ,
Student Loans ,
Underwriting ,
Unfair or Deceptive Trade Practices
On April 24, 2025, the Federal Trade Commission (FTC) finalized a Decision and Order against an Artificial Intelligence (AI) Company (the "Company"), alleging that it made false and unsubstantiated claims about its AI Content...more
4/29/2025
/ Algorithms ,
Artificial Intelligence ,
Consent ,
Enforcement Actions ,
False Advertising ,
Federal Trade Commission (FTC) ,
FTC Act ,
Machine Learning ,
Section 5 ,
Settlement ,
Technology Sector ,
Unfair or Deceptive Trade Practices