- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-05-02T19:30:00
Companies developing novel artificial intelligence (AI) tools might want to think carefully before laying off ethics personnel, an attorney with the Federal Trade Commission (FTC) warned.
The agency is closely tracking company use of AI tools for possible rule violations involving deception, discrimination, excessive manipulation, or unfairness, wrote Michael Atleson, an attorney in the FTC’s Division of Advertising Practices, in a blog post Monday.
Companies are now using chatbots and generative AI tools to influence people’s behavior, beliefs, and emotions. The FTC is likely to get involved if a chatbot directs people “unfairly or deceptively” into harmful decisions regarding finances, health, education, housing, and/or employment, Atleson said.
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The Federal Trade Commission approved a measure streamlining its ability to issue civil investigative demands in investigations relating to artificial intelligence use.
The Consumer Financial Protection Bureau flagged risks regarding expanded use of chatbots by financial institutions, specifically for customer service purposes.
Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
The Consumer Financial Protection Bureau has issued a proposed rule aimed at protecting the privacy of the public when using novel digital payment systems, such as those offered by large technology platforms and video gaming companies.
Banks and other lenders will be prohibited from using medical debt information in credit reports, under a new rule finalized by the Consumer Financial Protection Bureau, the agency said.
New rules on cyber risk management across the EU put execs firmly in the crosshairs for noncompliance and are likely to apply to a wider range of organizations than many business leaders may initially think. However, there are also concerns that the rules may become muddled across the wide bloc. ...
