Consumer Financial Protection Bureau the Bureau or CFPB issued its third Circular emphasizing creditor use of complex algorithms,The Circular makes clear that federal consumer protection laws apply, and are enforced, regardless of the technology a creditor employs.
On 22 December 2021, the Luxembourg financial sector authority, the Commission de Surveillance du Secteur Financier (the “CSSF”), published three sectoral circulars (CSSF Circulars.