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Automation Systems › Financial Services Industry › Algorithms

Saul Ewing LLP

CFPB and Other Federal Agencies Enact New Rule to Regulate Use of Automated Valuation Models for Mortgage Transactions

Saul Ewing LLP on

On July 1, 2024, the Consumer Financial Protection Bureau (“CFPB”)—the primary federal watchdog of the consumer finance industry—along with several other federal agencies, approved a new rule to regulate the use of automated...more

Kohn, Kohn & Colapinto LLP

The Double-Edged Impact of AI Compliance Algorithms on Whistleblowing

Kohn, Kohn & Colapinto LLP on

As the implementation of Artificial Intelligence (AI) compliance and fraud detection algorithms within corporations and financial institutions continues to grow, it is crucial to consider how this technology has a twofold...more

Ballard Spahr LLP

AI Users Beware: Baked-In Bias Abounds, and You Could Be Liable for It

Ballard Spahr LLP on

Summary - Senate Bill 5351, introduced in December 2022, would create liability for covered entities that incorporate artificial intelligence systems into processes....more

Cadwalader, Wickersham & Taft LLP

Miami Musings February 2023 | Issue No. 211 - Fund Finance Symposium Panel Recap: A Geopolitics Discussion with Pippa Malmgren

Cadwalader, Wickersham & Taft LLP on

One distinct and lasting memory that I have of law school is the feeling that I was being let in on a secret. Through the (hundreds of) cases that we read and our other coursework, we were learning about how the world really...more

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