Hey Compliance Warriors!
On April 25, 2023, four major US regulatory agencies – the Department of Justice (DOJ), Federal Trade Commission (FTC), Consumer Financial Protection Bureau (CFPB), and Equal Employment Opportunity Commission (EEOC) – released a joint statement addressing the issue of discrimination and bias in artificial intelligence (AI) systems.
The agencies emphasized their commitment to ensuring that AI technologies are developed and used responsibly, without perpetuating bias or discrimination in areas such as housing, employment, lending, and other consumer services. They recognized the potential for AI to improve decision-making processes but also acknowledged the risks of AI systems unintentionally reinforcing existing biases.
To counteract these risks, the agencies outlined several key principles for AI developers, users, and regulators.
These principles include:
- Transparency: AI developers should be open about their methodologies, data sources, and assumptions, and provide clear explanations of how their AI systems work.
- Fairness: AI systems should be evaluated for potential biases and discriminatory outcomes, and efforts should be made to eliminate or mitigate these issues.
- Accountability: Developers and users of AI technology should be held accountable for ensuring that their systems do not perpetuate bias or discrimination.
- Public Input: Regulators should engage with stakeholders, including the public, to gather feedback on AI policies and practices.
- Interagency Collaboration: The agencies pledged to work together to develop and enforce consistent policies and regulations related to AI and discrimination.
The joint statement also highlighted the importance of robust data collection and analysis to detect and prevent discriminatory outcomes. Furthermore, the agencies urged companies to implement strong internal controls and compliance programs to ensure that their AI systems adhere to anti-discrimination laws and regulations.
The collective efforts of the DOJ, FTC, CFPB, and EEOC demonstrate a strong commitment to addressing the challenges posed by AI and discrimination. By establishing clear guidelines and promoting collaboration, these agencies aim to ensure that AI technologies are utilized responsibly and equitably, ultimately benefiting society as a whole.
Be Audit-Secure™!
Lisa Smith, SPHR, SCP
Sign-up HERE and Save $170!
Here is what all you will get:
- Boss Calls™ – Access to EVERY Boss Call™ – Past & Future.
- HelpDesk for HR VAULT – Access to all 8 of our proprietary tools and applications to make your workday simple.
- Forms, Docs, Policies and Procedures Library – 700+ samples you can download and edit to fit your needs.
- U.S. ePoster Club – Download state, city, and local posters. Both required & recommended, for all 50 states & D.C.
- Same-day email support – Write to our team of SPHR and SCP professionals with all your HR questions.
