Financial Privacy

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 …

Consumer Tips: World Privacy Forum’s Top Ten Opt Outs

Many people have told us that they think opting out is confusing. We agree. Opting out can range from the not-too-difficult (the FTC’s Do Not Call list is a fairly simple opt out) to the challenging (the National Advertising Initiative opt out can be tricky). Our hope is that this list will clarify which opt out does what, and how to go about opting out.