Today’s Podcast Episode: AI in Financial Services—Consumer Protection Challenges in the Age of Artificial Intelligence
Aug 08,26 | 01:40 EST
This podcast episode explores how Artificial Intelligence is rapidly transforming consumer financial services, raising significant challenges in transparency, fairness, accountability, and consumer protection. Featuring Delicia Hand from Consumer Reports, the discussion delves into a recent report analyzing market forces and regulatory gaps, covering consumer concerns, AI adoption drivers, proposed evaluation frameworks, algorithmic pricing, risks of AI as financial advisors, privacy issues, the need for consumer redress, and the absence of a comprehensive federal regulatory framework.
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