Upstart subpoenaed by SEC over AI, loans - Banking Dive

Retrieved on: 2024-05-09 23:36:15

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Upstart Holdings

Consumer Financial Protection Bureau

Upstart

No-action letter

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Upstart subpoenaed by SEC over AI, loans - Banking Dive. View article details on hiswai:

Summary

The SEC subpoenaed Upstart Holdings, a fintech company utilizing AI in loan processes, post the CFPB's withdrawal of the no-action letter, sparking regulatory scrutiny on AI's role in financial services.

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