Collaborating for Accountability

Written By SCA

How CFPB and Federal Agencies are Tackling Unlawful Decision - Making by AI and Automated Systems

There has been an accelerated increase of “artificial intelligence” in automated decision-making, throughout consumer financial markets.  The CFPB issued a policy statement addressing unlawful conduct and covering abusive uses of AI technologies. Consumers are unable to engage in a fair and competitive market, free from prejudice when regulators are unaware of how judgments made by artificial intelligence are made.

Read the press release HERE.

SCA https://www.scapartnering.com/
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