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Biden admin warns lenders there is ‘no special exemption’ for AI when denying credit

Por: Fox Business Tech September 26, 2023

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Sen. Mike Braun, R-In., provides insight on growing fears over the technology on The Evening Edit. The this week warned that creditors cannot use artificial intelligence to be exempt from giving reasons for denying consumers credit — marking the latest instance of government grappling with how AI coincides with regulation. The CFPB announced new guidance to lenders for the way in which they use artificial intelligence and other modeling when... + full article



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