Bill to regulate use of algorithms under consideration by D.C. Council
CFPB Monitor
OCTOBER 12, 2022
They also argue that the Bill is unnecessary and duplicates existing laws and regulations such as the Equal Credit Opportunity Act and the Gramm-Leach-Bliley Act. (In In May 2022, the CFPB issued a Circular regarding adverse action requirements in connection with credit decisions based on algorithms.).
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