Using AI inferences to sensitive questions based on limited data within the mortgage industry could easily result in fair servicing violations if they, for example, prompted repeated outreach attempts to borrowers based on protected characteristics, writes the
Large U.S. companies with global footprints, including many in the financial services space, have developed their privacy practices to comply with the EU's Global Data Protection Regulation. Many observers expect this will be the case with AI as well, writes the Senior Regulatory Counsel at Covius Compliance.