What Steps Has the Consumer Financial Protection Bureau Taken Towards Regulating AI?

What Steps Has the Consumer Financial Protection Bureau Taken Towards Regulating AI?

Financial Services
Airlie Hilliard

Airlie Hilliard

01 Nov 2023

The Consumer Financial Protection Bureau (CFPB) is a U.S. government agency responsible for consumer protection in the financial services sector. Like many other regulators around the world, including its UK-equivalent, the Financial Conduct Authority, the CFPB is increasingly signaling its intentions to regulate AI.

Much of this activity has occurred in 2023, which is emblematic of the fact that the CFPB has been less active than regulators in other sectors and is yet to take decisive action.

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