December 3, 2024
Headlines

Issues

CFPB issues guidance on credit denials that use artificial intelligence

CFPB issues guidance on credit denials that use artificial intelligence

William Adams07 mins

Consumer Financial Protection Bureau Director Rohit Chopra said that creditors “must be able to specifically explain their reasons for denial,” decrying some lenders’ overreliance on artificial intelligence to make credit underwriting decisions.Bloomberg News The Consumer Financial Protection Bureau warned lenders of the requirement to provide specific and accurate reasons when denying credit to a consumer,…

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NCSC Issues Cyber Warning Over AI Chatbots

NCSC Issues Cyber Warning Over AI Chatbots

William Adams06 mins

Organizations have been warned about the cyber risks of large language models (LLMs), including OpenAI’s ChatGPT, by the UK’s National Cyber Security Centre (NCSC). In a new post, the UK government agency urged caution when building integrations with LLMs into services or businesses. The NCSC said AI chatbots occupy a “blind spot” in our understanding,…

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