CFPB may be ‘setting the stage’ for emerging tech adoption

While some may be tempted to assume the latest guidance from the Consumer Financial Protection Bureau about using artificial intelligence (AI) in credit decisions is intended to put the industry on notice, Garris Horn Senior Partner John Levonick told Dodd Frank Update that does not appear to be the case. In fact, he contends the bureau is “effectively setting the stage for successful use of emerging technology.”

Find out what he believes the impact will be as lenders gain a better understanding of how to use AI and machine learning successfully.