by Eric J. Ellman | Jul 17, 2021
On July 16, 2021, the Task Force on Artificial Intelligence of the House Financial Services Committee held a hearing I Am Who I Say I Am: Verifying Identity while Preserving Privacy in the Digital Age. The committee heard from five witnesses: Jeremy Grant,...
by Eric J. Ellman | Jul 9, 2021
In March 2021, five financial institution agencies filed a Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, Including Machine Learning. CDIA filed a comment in connection with this process. In this notice, the Board of...
by Eric J. Ellman | Jul 7, 2020
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...
by Eric J. Ellman | Jul 7, 2020
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...
by Eric J. Ellman | Apr 30, 2020
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...
