Goodwin associate Josh Burlingham, and partners Kimberly Monty Holzel and Tony Alexis discuss the Consumer Financial Protection Bureau's position that creditors who use artificial intelligence to make credit decisions must still provide specific reasons for their decisions. Read the Westlaw Today article here.
Related Content
- NewslettersDecember 19, 2024
CFPB Issues Final Rule Requiring Standard Mortgage Disclosures for PACE Loans and Certain Other Home Improvement Financing
- Fintech FlashDecember 17, 2024
Compliance Covenants in Fintech Investment Side Letters
- NewslettersDecember 12, 2024
CFPB Issues Final Rule on Overdraft Fees
- Consumer Finance InsightsNovember 27, 2024
Minnesota AG Enters into Consent Order Over High-Cost Online Lenders, Discharging Over $1 Million in Loans
- Consumer Finance InsightsNovember 26, 2024
CFPB Sues Online Lender of Student Loans for Alleged Violations of Federal Lending Laws
- NewslettersNovember 21, 2024
CFPB Issues Final Rule to Supervise the Largest Nonbank Companies Offering Digital Funds Transfer and Payment Wallet Apps
- NewslettersNovember 15, 2024
CFPB Report Identifies Areas for Improvement in State Data Privacy Laws
- Consumer Finance InsightsNovember 9, 2024
CFPB Enters Into $95 Million Consent Order with Credit Union to Resolve Allegations of Improper Overdraft Fee Practices
- WebinarNovember 21, 2024
CFPB 1033: Compliance Challenges for the CFPB’s “Open Banking” Rule Webinar
- WebinarJuly 18, 2024
Elevate Your Expertise: Insights into the UCC & EFTA for Payments Professionals Webinar
- Press ReleaseMay 13, 2024
DeMario Carswell Once Again Appointed to The ESOP Association’s Advisory Committee on Fiduciary Issues
- In the PressOctober 20, 2023
Proactive Measures While NY Foreclosure Law Is In Limbo (Law360)
- In the PressOctober 18, 2023
Consumer Finance Cos. Must Seriously Consider Complaints (Law360)
- WebinarOctober 4, 2023
CFPB v. Consumer Financial Services Association of America: Post-Argument Debrief on the Constitutionality of the CFPB
- In the PressOctober 3, 2023
Fintech-Bank Partnerships: Allocating Risks and Rewards (Practical Law The Journal)
- In the PressOctober 2, 2023
CFPB’s Future at Stake as Supreme Court Hears Funding Arguments (Bloomberg Law)