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Revealing the Blind Spots: A Critical Review of the CFPB s Issue Spotlight on Chatbots in Consumer Finance

Revealing the Blind Spots: A Critical Review of the CFPB s Issue Spotlight on Chatbots in Consumer Finance
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United statesConsumer financial protection bureauArtificial intelligenceIssue spotlightConsumer finance

Revealing the Blind Spots: A Critical Review of the CFPB s Issue Spotlight on Chatbots in Consumer Finance | Clark Hill PLC

As the evolution of Artificial Intelligence (“AI”) dominates headlines throughout the globe, financial institutions have been paying attention. Not surprisingly, so has the Consumer.

United statesPawan jainConsumer financial protection bureauClark hill summer associate pawan jainArtificial intelligenceIssue spotlightConsumer finance

Cryptos Gain Amidst Debt Deal Relief, Mixed Jobs Data

Cryptocurrencies gained more than 1 percent in the past 24 hours amidst overwhelming relief at the passage of the debt deal Bill. Jobs data released for the month of May showed a simultaneous jump in the jobs added and the unemployment rate, and a cooling in the average hourly earnings.

United statesCoinshare digital asset fund flows weeklyConsumer financial protection bureauOffice of competitionUs bureau of labor statisticsLabor statisticsDollar indexDeposit insurance coverageFunds stored through paymentIssue spotlightCash appMore cryptocurrency newsCryptocurrency news

Daily Financial Regulation Update -- Wednesday, May 31, 2023 | Paul Hastings LLP

May 30, 2023- The Board of Governors of the Federal Reserve System (Federal Reserve) released the minutes of its interest rate meetings from April 10 through May 3, 2023.

United statesNew yorkMartin gruenbergJeromeh powellJanet yellenGinnie maeMiguel cardonaJohnc williamsFreddie macRostin behnamMichael hsuRohit chopraSandral thompsonIsabella casillas guzmanToddm harperHimamauli das

CFPB Bites of the Month - January 2023 - May Old Compliance Acquaintances be Forgot | Hudson Cook, LLP

In this month's article, we share some of our top "bites" for the prior month covered during the January 18, 2023, webinar. Bite # 8: The CFPB Publishes Civil Penalty.

New yorkUnited statesElectronic fund transferUs courtSuea national auto finance companyDistrict courtCivil penalty inflation adjustments ruleFederal registerFederal civil penalties inflation adjustment actDebt collection improvement actInflation adjustment actServicemember reports aboutIssue spotlightNationwide consumer reportingAmicus briefGovernment benefits