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AI and Other Decision-Making Tools: Does the Fair Credit Reporting Act Apply?

By Susan M. Corcoran & Ryan J. Soscia on December 17, 2024
Posted in Artificial Intelligence

The Consumer Financial Protection Board (CFPB) recently issued guidances titled  Consumer Financial Protection Circular 2024-06: Background Dossiers and Algorithmic Scores for Hiring, Promotion, and Other Employment Decisions | Consumer Financial Protection Bureau and Consumer Financial Protection Circular 2023-03: Adverse action notification requirements and the proper use of the CFPB’s sample forms provided in Regulation…

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