Democrats honed in on the risk of discrimination by AI tools at a House Financial Services hearing Tuesday, quizzing witnesses about how to protect consumers in the financial and housing industries.
Ranking member Maxine Waters (D-Calif.) said she wanted to make sure that AI tools are developed with the best interest of the consumer in mind, pointing out that people of color looking for mortgage loans “have been denied or overcharged significantly as a result of discriminatory algorithms.”
“As companies forge ahead with AI, it’s more important than ever that this committee and Congress not only continue this kind of ...
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