In this episode of The Consumer Finance Podcast, Chris Willis looks at the Consumer Financial Protection Bureau’s (CFPB) recent response to the Treasury Department’s request for information on the use of artificial intelligence (AI) in services financial. Chris highlights key points from the CFPB’s communication, including its views on fraud patterns, fair lending testing standards, and implications for financial institutions. He also discusses the CFPB’s candid remarks about its own Office of Innovation and the future of Learn more +
In this episode of The Consumer Finance Podcast, Chris Willis looks at the Consumer Financial Protection Bureau’s (CFPB) recent response to the Treasury Department’s request for information on the use of artificial intelligence (AI) in services financial. Chris highlights key points from the CFPB’s communication, including its views on fraud patterns, fair lending testing standards, and implications for financial institutions. He also discusses the CFPB’s candid remarks about its own Office of Innovation and the future of regulatory treatment of individual companies. This episode is essential listening for anyone in the financial services industry wanting to stay informed about regulatory expectations and compliance challenges. See less –