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In November 2020, the FTC held a Microeconomics Conference, which included a paper, “Un”Fair Machine Learning Algorithms by three professors at...
New York City Councilmember Laure Cumbo (D-Queens/Crown Heights), who is also the majority leader, introduced Intro. 1894-2020, which was heard on...
In June 2018, the U.S. Department of Housing and Urban Development (HUD) issued an advance notice of proposed rulemaking (ANPR) concerning...
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).
On July 7, 2020, the CFPB put out an Innovation Spotlight blog, Providing adverse action notices when using AI/ML models.
The CFPB released its latest fair lending report, Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress with a covering blog posting.
The CFPB released its latest fair lending report, Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress with a covering blog posting. Of note is a section, Innovations in access to credit with a subsection on “providing adverse action notices when using artificial intelligence and machine learning models.”
In 2019, the U.S. House Financial Service’s Committee’s Task Force on Artificial Intelligence held hearings of relevance to consumer reporting. In...