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Supreme Court rules CFPB funding structure constitutional

Supreme Court rules CFPB funding structure constitutional
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CFPB scraps fintech sandbox program with changes to innovation office

The bureau’s new office of competition and innovation will promote competition, host events and seek to make it easier for consumers to switch financial providers. ....

Covington Burling , Freddie Mac , Rohit Chopra , Kathy Kraninger , Mann Epstein , Eric Mogilnicki , Richard Cordray , Consumer Financial Protection Bureau , Office Of Competition , President Biden , Project Catalyst , Regulation And Compliance , Politics And Policy , Consumer Lending , Ab Policy Amp Regulation ,

CFPB scraps fintech sandbox program with changes to innovation office

The bureau’s new office of competition and innovation will promote competition, host events and seek to make it easier for consumers to switch financial providers. ....

Covington Burling , Freddie Mac , Rohit Chopra , Kathy Kraninger , Mann Epstein , Eric Mogilnicki , Richard Cordray , Consumer Financial Protection Bureau , Office Of Competition , President Biden , Project Catalyst , Regulation And Compliance , Politics And Policy , Consumer Lending , Ab Policy Amp Regulation ,

CFPB warnings of bias in AI could spook lenders

Rohit Chopra, the director of the Consumer Financial Protection Bureau, has cautioned banks, credit unions and fintechs about fair-lending violations that may stem from reliance on artificial intelligence. His comments threaten to discourage financial firms from using the technology to crunch nontraditional data about borrowers, experts say. ....

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CFPB warnings of bias in AI could spook lenders

Rohit Chopra, the director of the Consumer Financial Protection Bureau, has cautioned banks, credit unions and fintechs about fair-lending violations that may stem from reliance on artificial intelligence. His comments threaten to discourage financial firms from using the technology to crunch nontraditional data about borrowers, experts say. ....

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