Financial Privacy

WPF urges the Federal Reserve Board of Governors to ensure quality assurance and control mechanisms for biometric authentication in debit card payment systems 

In comments filed with the Federal Reserve Board of Governors, WPF supported proposed language for Comment 235.7 (A)-1, Scope of Restriction, with the understanding that more needs to be done to determine and set quality assurance measures for debit card payment system authentication methods in general, and for biometric methods in particular. WPF requests that

Why the new US regulatory standards for accuracy, integrity, and reliability in credit scoring models matter — a lot

For several years now, groups of stakeholders large and small and points in between have been working on ethical AI, rules for AI, privacy and explainability in AI, and more. WPF actively participated as a delegate in one of the largest international efforts, that of the OECD to write the OECD Principles on Artificial Intelligence,

Some Online Loan Applications Endanger Consumers

Have you ever filled out an application online for a “loan matching service”? If so, you have to hope that you didn’t fill out an application on one of the websites operated by a company called Blue Global. They ran websites like autoloansusa.com, loanmarketplace.com, moneytoday.com, 247loan.com, 100dayloans.com, and others. Court documents released this week by the US Federal Trade Commission reveal that after the company collected consumers’ financial information, it sold most of that information to non-lenders, including SSNs, bank account numbers, and …