Compliance Corner

New blog series on regulatory affairs

Regulatory Trends in AI

As State and Federal legislative sessions around the U.S. are in full swing, it’s worth checking what’s happening with AI legislation. A look back to the first attempts at AI legislation But first an anecdote.  When I was a US Senate Judiciary Committee staffer in 2003, I drafted a data breach bill S.1350, the Notification […]

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New Data Reveals First Look at Insights into Voluntary Protection Products by Consumer Categories and Employment Type

New Data Reveals First Look at Insights into Voluntary Protection Products by Consumer Categories and Employment Type

[This is the 3rd and final installment of a multi-part series on voluntary protection products.  You can see previous posts Blog 1, Blog 2 here] Introduction If auto lenders weren’t concerned about fair lending risk in their portfolio before now, President Biden’s recent Executive Order on the AI  and other Federal Agency announcements have put discrimination

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The Case for Vertical AI Models

AI researchers from Google, Berkeley, and other universities recently engineered what they described as a “silly attack” on Chat-GPT. They asked the model to repeat the word “poem” forever, which caused the model to emit large quantities of its training data, including names, email, physical addresses, phone numbers and other personal information (PII).   Though superficially

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Voluntary Protection Products: Do males and females get the same deal?

AI-generated image from Midjourney . Voluntary Protection Products Blog. [This is the 2nd installment in a multi-part series on voluntary protection products. You can see the previous post here]  Voluntary Protection Products Many car buyers supplement their car purchases with voluntary protection products (VPPs) like maintenance plans, appearance protection, and anti-theft devices. Informed conducted research to

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Informed’s Compliance Solutions keep you Informed

AI-generated image from Midjourney representing Informed’s compliance We help many of the nation’s largest lenders automate the review and processing of loan applications. And a big part of what we do is assure Informed’s compliance solutions are up to date with federal and state regulations. Informed’s compliance verifications use advanced machine-learning techniques to read deal

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Generative AI is impacting auto lending compliance

Lenders Beware: Generative AI is already Impacting Auto Lending Compliance

Auto lenders, like leaders in other business sectors, are grappling with the current wave of excitement over generative AI. Many of us have already seen a coworker or vendor pitch a generative AI use case. The safe bet is that this technology will bring big changes to auto lending. Compliance Risks From our perspective, this

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