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In the Media

Rohit Chopra is cracking down on big banks and Big Tech — and business groups claim he’s out of control

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Of Counsel Brian Fink (Washington, DC) was interviewed by Market Watch on November 4, 2022, for an article titled “Rohit Chopra is cracking down on big banks and Big Tech — and business groups claim he’s out of control,” in which he discussed the Consumer Financial Protection Bureau’s (CFPB) forward-thinking approach.

That guidance, which has so far covered credit decisions based on complex algorithms, the security of sensitive consumer information, and other issues, are a sign that the CFPB is “creating this record of their take on the law and encouraging others to go out and follow it,” perhaps with an eye toward a future when there’s different CFPB leadership that may have a very different agenda, says Brian Fink, an agency veteran and attorney at McGlinchey Stafford. 

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Insights

In the Media

CFPB tees up investigations of AI-based underwriting, adverse action notices

June 8, 2022

Of Counsel Brian Fink (Washington, DC) is quoted in “CFPB tees up investigations of AI-based underwriting, adverse action notices” in Auto Finance News. Brian is a former regulator in the CFPB’s Office of Supervision Policy. The article covers CFPB’s attitudes towards AI and approach to enforcing related federal laws. Fair lending and the use of technology has beenMore

Alert

CFPB Takes Adverse Action Against Machine Learning

June 3, 2022

The Consumer Financial Protection Bureau (CFPB) has given special consideration to data, algorithms, and machine learning for years. In 2017, as part of a field hearing on alternative data, the CFPB issued a request for information in part to explore “whether reliance on some types of alternative data could result in discrimination, whether inadvertent or otherwise, against certain consumers.”