In March 2021, five financial institution agencies filed a Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence,...

The CFPB issued a press release, CFPB Report Highlights Supervisory Findings of Wide-Ranging Violations of Law in 2020. This release covers...

According to Investopedia, “[a] number of businesses claiming to do credit repair have sprung up over time, and while some may...

On April 1, 2020, the CFPB issued a Policy Statement that outlines the responsibility of credit reporting companies and furnishers during the COVID-19 pandemic.

The CFPB issued its Consumer Response Annual Report for 2020 with a covering press release. The release noted that “the impact...

Six senators, led by Sen. Elizabeth Warren (D-MA), sent a letter in March 2021, to the CFPB on tenant screening. The...

In a series of statements in early-2021, David Uejio, the acting director of the CFPB, issued several vision statements for the...

In February 2020, the CFPB held a symposium on Consumer Access to Financial Records. Later that year, in October 2020, the...

CFPB Director Kathy Kraninger posted a blog, Bureau takes additional steps to foster an inclusive financial system announcing a new statement,...

On January 5, 2020, the CFPB’s Task Force on Federal Consumer Financial Law issued its report “with recommendations on how to improve consumer protection in the financial marketplace.”

In January 2021, CDIA filed a comment in response to five federal financial regulatory agencies’ announcement of an Advance Notice of...

In July 2020, the CFPB sought comments in an RFI to identify opportunities to prevent credit discrimination, encourage responsible innovation, promote...

In August 2020, the CFPB issued a report, The Early Effects of the COVID-19 Pandemic on Consumer Credit. The Bureau also issued this press release covering the report.

In August 2020, the CFPB issued a report, The Early Effects of the COVID-19 Pandemic on Consumer Credit. The Bureau also issued a press release covering the report.

On July 7, 2020, the CFPB put out an Innovation Spotlight blog, Providing adverse action notices when using AI/ML models. The posting notes that one area of innovation the CFPB is “monitoring is artificial intelligence (AI), and particularly a subset of AI, machine learning (ML). For example, in 2017, the Bureau issued a Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process (RFI).