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Consumer Financial Protection Bureau (CFPB) Analytics

Benesch

AI Reporter - July 2024

Benesch on

The AI sector continues to experience regulatory growing pains. Tech companies are struggling to comply with the EU’s new AI laws, which require more transparency in their model training. Meta, in particular, had to halt its...more

Goodwin

Interpretable Algorithms as a Potential Solution to CFPB’s Guidance on AI-driven Credit Denials

Goodwin on

​​​​​​​In September 2023, the Consumer Financial Protection Bureau (CFPB) issued guidance on the use of artificial intelligence in issuing credit denials, a prevalent practice among lenders. The CFPB explained that when...more

Thomas Fox - Compliance Evangelist

Bank of America Enforcement Action and Using Data Analytics

Data analytics has become an essential tool in the field of compliance and risk management. It allows compliance officers to assess the effectiveness of their programs and identify potential risks before they escalate into...more

BCLP

CFPB Director Chopra’s Emerging Vision - Supervision Focus & Potential Rule Makings

BCLP on

Last month CFPB Director Rohit Chopra sat down with The Washington Post’s economist columnist Heather Long in an unusual but enlightening conversation published by the Washington Post Live. In this article, we highlight what...more

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