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StatementFinanceWorkUSConfirmed

CFPB, FTC, EEOC and DOJ say existing laws apply to automated systems and AI

See how this story connects

Source: Consumer Financial Protection BureauAlso reported by Federal Trade Commission

On 25 April 2023 the CFPB, the FTC, the EEOC and the Justice Department’s Civil Rights Division issued a joint statement pledging to enforce existing civil rights, consumer protection, competition and employment laws against discrimination in automated systems, including tools sold as AI. The CFPB listed its earlier positions that opaque credit models do not excuse adverse-action failures under the Equal Credit Opportunity Act and that abusive-practices rules cover misuse of AI.

Why it matters

Lenders and fintech firms using algorithmic credit, marketing or valuation models were told by four federal agencies that no AI-specific exemption exists under the laws they already enforce.

When
25 Apr 2023
ID
WTA-N-2023-0159
Who
Consumer Financial Protection Bureau, Federal Trade Commission, Equal Employment Opportunity Commission, Department of Justice; Rohit Chopra, Lina Khan, Charlotte Burrows, Kristen Clarke

Summary by wheresthe.ai, from Consumer Financial Protection Bureau and the reporting credited above. Checked against the source on 9 Oct 2026.

Read the original at Consumer Financial Protection Bureau

Source copy: download the page as saved on 18 Oct 2026 (PDF). Document the source offers: document 1 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: What happened nextCFPB says lenders using AI models must give specific reasons when they deny credit

Cite this story

WTA-N-2023-0159: “CFPB, FTC, EEOC and DOJ say existing laws apply to automated systems and AI.” wheresthe.ai, 25 Apr 2023. https://wheresthe.ai/d/us-cfpb-doj-eeoc-ftc-automated-systems-statement-2023-04/ (source: Consumer Financial Protection Bureau).

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