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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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Financial Services Report - Winter 2021 | Morrison & Foerster LLP

Welcome to the Financial Services Report, holiday style! Banks and non-banks alike started early this year with additions and changes to their regulator stockings. The Senate. ....

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Recently Confirmed CFPB Director Rohit Chopra Fills Two Key Leadership Positions | Troutman Pepper

On October 29, the Consumer Financial Protection Bureau (CFPB or Bureau) announced leadership changes in two positions: the assistant director for the Office of Supervision Policy and. ....

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CFPB announces key leadership changes | Ballard Spahr LLP

On October 30, the CFPB announced changes in two key leadership positions, Assistant Director for the Office of Supervision Policy and Assistant Director for the Office of Enforcement. ....

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Fed's next critical question: When to raise rates

The Fed is expected to announce plans Wednesday to start dialing back its massive, pandemic-era support for the U.S. economy. ....

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