CFPB, Federal Agencies Warn of AI Bias Risks

The Consumer Financial Protection Bureau and three other federal agencies on Tuesday issued a joint statement cautioning financial firms that use of artificial intelligence could increase risk of bias and civil rights violations.

MBA, Business Coalition Letter Opposes FTC Non-Compete Ban Proposed Rule

The Mortgage Bankers Association, the U.S. Chamber of Commerce and more than 300 industry trade and business groups sent a letter this week to the Federal Trade Commission to “unequivocally oppose” a proposed rule that would impose a nationwide ban on nearly all non-compete clauses.

MBA, Trade Groups Urge FTC to Crack Down on Banking Scams

The Mortgage Bankers Association, the American Bankers Association and other banking trade associations urged the Federal Trade Commission to crack down on those who impersonate banks or government officials in scams.

CDC Extends National Eviction Moratorium to June 30

The Centers for Disease Control and Prevention announced yesterday an extension to the eviction moratorium further preventing the eviction of tenants who are unable to make rental payments. The moratorium that was scheduled to expire on March 31 is now extended through June 30.

Biden Nominates Rohit Chopra to Lead CFPB

President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.

Biden Nominates Rohit Chopra to Lead CFPB

President-Elect Joe Biden on Monday nominated Rohit Chopra, who worked closely with Elizabeth Warren in creating the Consumer Financial Protection Bureau in the wake of the Great Recession, to serve as the Bureau’s next Director.