FTC：How to use the benefits of AI without introducing bias or other unfair outcomes? FTC introduced the 3 rules.
Section 5 of the FTC Act: It prohibits unfair or deceptive practices.
Fair Credit Reporting Act: It comes into play in certain circumstances where an algorithm is used to deny people employment, housing, credit, insurance, etc.
Equal Credit Opportunity Act: The act makes it illegal for a company to use a biased algorithm that results in credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because a person receives public assistance.