TechREG

CFPB Says Lenders Must Explain AI-Driven Credit Denials
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. The guidance emphasizes the need...

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Walled Garden LLMs Build Enterprise Trust in AI
Walled Garden LLMs Build Enterprise Trust in AI
September 19, 2023  |  artificial intelligence

It’s been nearly a year since generative artificial intelligence (AI) tools first hit the shelves. In the time since, the technology has captured both the...

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Prescription or Principle: A Framework for Designing AI Regulation
Prescription or Principle: A Framework for Designing AI Regulation
September 18, 2023  |  Regulation

By Travis LeBlanc, Jonas Koponen, Anna Caro and Mari Dugas The meteoric rise of AI in the public’s consciousness and the launch of several innovative...

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US Eyes AI Regulations that Tempers Rules and Innovation
US Eyes AI Regulations that Tempers Rules and Innovation
September 15, 2023  |  artificial intelligence

The world’s moving on artificial intelligence (AI), and it’s because AI already moved the world. But the story is nothing new: governments are often, and...

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Ripple Will Look Beyond US For Bulk of Its Workforce
Ripple Will Look Beyond US For Bulk of Its Workforce
September 14, 2023  |  Cryptocurrency

If you want to work for Ripple, your chances are better outside the U.S. In an interview with Bloomberg Television Wednesday (Sept. 13) at the Token2049 conference in...

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US Senators Admit Tech Oversight Failures, Pledge Stronger Approach With AI 
US Senators Admit Tech Oversight Failures, Pledge Stronger Approach With AI 
September 12, 2023  |  artificial intelligence

The U.S. government’s track record of keeping up with innovative technology is relatively lackluster. No new law meant to regulate the tech sector has been...

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Visa Investment Helps Form3 Expand Anti-Fraud Efforts
Visa Investment Helps Form3 Expand Anti-Fraud Efforts
September 12, 2023  |  Security & Fraud

Account-to-account (A2A) platform Form3 says Visa is a believer in its anti-fraud efforts. To that end, the payments giant has invested in the British company...

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Standard Deviation? Private Rule-Making Under the EU AI Act
Standard Deviation? Private Rule-Making Under the EU AI Act
September 12, 2023  |  Regulation

The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not...

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Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
September 11, 2023  |  Regulation

U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy.  Big Tech companies are rushing to prove that they can get there first...

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