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  1. consumerfinance.gov

    New manifestations of discrimination, embedded within systems and technologies, harm communities even where such acts are not visible. The COVID-19 pandemic brought into sharper focus the inequities that continue to plague the country, and the Consumer Financial Protection Bureau will fight to end discrimination in the financial sector.
  2. Mar 17, 2023Further, the CFPB outlined that federal anti-discrimination laws require that adverse notice be provided to applicants with an explanation of the rationale applied for rejections, regardless of any reliance on data models using complex algorithms.² In addition, the Bureau issued an interpretative rule stating that digital marketers can be held ...
  3. worldfinancecouncil.org

    Jun 23, 2023As the banking industry continues to embrace digital transformation and harness the power of A.I., it is imperative to ensure that progress aligns with societal values. Efforts to rectify A.I. discrimination must be prioritized, safeguarding the integrity of the banking sector and promoting fairness for all customers.
  4. womensworldbanking.org

    about instances of discrimination within the speech recognition systems that many of us have in our homes or in our handbags. Technology from Alphabet, Amazon, ... digital finance experts, academics, entrepreneurs, app developers, and coders. We talked primarily to people familiar with the financial inclusion, digital finance, or mainstream finance
  5. consumerfinance.gov

    Apr 25, 2023WASHINGTON, D.C. - Four federal agencies jointly pledged today to uphold America's commitment to the core principles of fairness, equality, and justice as emerging automated systems, including those sometimes marketed as "artificial intelligence" or "AI," have become increasingly common in our daily lives - impacting civil rights, fair competition, consumer protection, and equal ...
  6. academic.oup.com

    The papers in this volume of the Review of Corporate Finance Studies all relate to disparities in different contexts related to finance and were developed through the journal's new Registered Report initiative. We hope that these papers help to spark new research on the important theme of "Discrimination, Disparities, and Diversity in ...
  7. digitalfinance.worldbank.org

    Gender-intelligent policy making tools to adapt a practical approach to advance women's digital financial ... relations between women and men that underpin sex-and gender-based discrimination, including gender-based violence against women. ... be excluded from opportunities brought about by the digitalization of finance and prevented from ...
  8. amnestyusa.org

    Jul 29, 2024These inequalities most impact the rights to non-discrimination and equality, decent working conditions, and privacy. Social protection and welfare systems around the world are increasingly likely to be integrated with systems of automation, leading to more racial and social bias and more frequent denials of essential services to the most ...
  9. federalreserve.gov

    We also consider how these technological changes in finance intersect with existing discrimination and data privacy laws, leading to our contribution of four fron tlines of regulation. Our analysis concludes that the net effect of innovation in technological finance on discrimination is ambiguous and depends on the future choices made by ...
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