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.
2023-11-22T13:52:00Z By Kyle Brasseur
The Federal Trade Commission approved a measure streamlining its ability to issue civil investigative demands in investigations relating to artificial intelligence use.
2023-06-07T19:00:00Z By Jeff Dale
The Consumer Financial Protection Bureau flagged risks regarding expanded use of chatbots by financial institutions, specifically for customer service purposes.
2023-06-01T20:34:00Z By Adrianne Appel
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.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
2025-09-29T19:09:00Z By Adrianne Appel
Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.
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