Alexandra McFall

Alexandra McFall

Husch Blackwell LLP

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CFPB Issues New Guidance for AI-Driven Credit Decisions

On September 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued new guidance outlining lenders’ obligations under the Equal Credit Opportunity Act (ECOA) and Regulation B when using artificial intelligence (AI)...more

10/12/2023  /  Algorithms , Artificial Intelligence , Black Box , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , ECOA , Fair Lending , Financial Services Industry
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