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
In a recent interpretive rule announced on August 10, 2022,—and unveiled at a summit of the National Association of Attorneys General—the CFPB stated that digital marketers are subject to the CFPB’s jurisdiction, and...more
9/22/2022
/ Advertising ,
Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Digital Media ,
ECOA ,
Enforcement Actions ,
Internet Marketing ,
Marketing ,
New Guidance ,
New Rules ,
Popular ,
State Attorneys General ,
UDAAP
On March 16, 2022, the Consumer Financial Protection Bureau (CFPB) announced its intent to address discrimination as an “unfair practice” under the Consumer Financial Protection Act (commonly known as Dodd-Frank)....more