Can Technology Mess Up Your Credit? How Tech Threatens FCRA Compliance
The article warns that expanding use of AI and automation in credit reporting threatens compliance with the Fair Credit Reporting Act (FCRA). While real‑time data from banking apps and online platforms can improve credit profiles, unchecked technology can create inaccurate records, endless dispute loops, and opaque decision‑making. Recent litigation, such as a nurse awarded $18.4 million for erroneous reporting, highlights the financial and reputational stakes. The piece argues that strong governance and human oversight can harness tech benefits without sacrificing accuracy or consumer trust.
Was the AI in the Code? Or Just in the Valuation? AI-Washing in Venture Fundraising
Venture capital’s AI hype has spawned a wave of “AI‑washing,” where startups overstate or fabricate artificial‑intelligence capabilities to boost valuations. The SEC and DOJ recently charged two founders—Albert Saniger of Nate and Ramil Palafox of PGI Global—for misrepresenting AI‑driven products,...