The undersigned civil rights, housing, and consumer advocacy organizations write to raise significant concerns regarding artificial intelligence (AI) test projects authorized under section 10509 of the CLARITY Act (H.R. 3633). If AI is deployed, it must be deployed responsibly and without discrimination in all sectors, including financial services. We are deeply concerned about the current draft of section 10509, which authorizes firms using AI to obtain sweeping exemptions from the laws governing financial services and protecting consumers from discrimination and other harms.
See all resources related to: Consumer Protection Regulation, Equity & Racial Justice