data

CFPB Auto Loan Data Collection and What it Means for Auto Lenders

The Consumer Financial Protection Bureau (CFPB), in a move that could have seismic regulatory implications for auto lenders, recently announced a proposal to collect detailed, transactional information from thousands of loan providers. Quick background In early 2023, the CFPB issued a data request to nine auto lenders relying on its authority under Dodd-Frank to monitor

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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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New: American Banker - Sharing information = best defense against AI fraud

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