Automated Savings Platforms Fined for Bots Gone Rogue
The CFPB is paying closer attention to data-harvesting and algorithm-centric businesses. For insight as to why, Forbes spoke to Michael R. Guerrero.
"I think they have a skepticism towards algorithms because it's not overtly clear, at least according to the Bureau, what the algorithm is doing,” he said. “Is it too complicated? Is it too opaque? They want to know that companies really understand the algorithm and that the algorithm is operating as it should.”
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