News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-04-26T18:28:00
Officials at four U.S. agencies warned Tuesday they are prepared to act against bias or discrimination that involves artificial intelligence (AI).
A joint statement issued by Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB); Kristen Clarke, assistant attorney general for the Justice Department’s Civil Rights Division; Charlotte Burrows, chair of the Equal Employment Opportunity Commission; and Lina Khan, chair of the Federal Trade Commission (FTC), said existing laws against discrimination apply to the use of automated systems, including AI.
By issuing the statement, the agencies reiterated their commitment to monitor AI and promote responsible innovation.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2023-04-18T20:09:00Z By Adrianne Appel
The European Union’s draft law to regulate artificial intelligence must be updated to include overarching controls on chatbots like ChatGPT, a group of European Parliament members wrote in an open letter.
2023-02-28T20:35:00Z By Adrianne Appel
The Federal Trade Commission is keeping close watch on companies that use the term “artificial intelligence” when marketing their products.
2022-10-17T15:18:00Z By Neil Hodge
The EU’s agency for occupational safety and health released a report examining the risks and opportunities of AI-based worker management systems for employee’s physical and mental wellbeing.
2024-10-22T21:18:00Z By Adrianne Appel
Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.
2024-10-22T16:08:00Z By Aaron Nicodemus
Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.
2024-10-18T18:10:00Z By Adrianne Appel
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control (OFAC) that its business with North Korea involved U.S. financial institutions.
Site powered by Webvision Cloud