All tagged NAL

CFPB Highlights Innovative Uses of Data and Machine Learning in Credit

On Tuesday, the Consumer Financial Protection Bureau (CFPB) released a noteworthy blog post providing an update on key findings about the use of alternative data for credit access in connection with the Bureau’s first no-action letter (NAL). The post, written by top agency officials, discusses a NAL that the CFPB issued in September 2017 to Upstart Network, Inc., a company with an online lending platform that utilizes “alternative data” and machine learning to make credit decisions.

CQ UAS: FCC Proposes $2.8 Million Fine, Sends Warning to Drone Equipment Manufacturers and Operators

In a reminder that the Federal Aviation Administration (FAA) is not the only agency with authority over unmanned aircraft system (UAS) operations, yesterday the Federal Communications Commission (FCC) announced a proposed $2.8 million forfeiture against HobbyKing for marketing certain radio transmitters for use with drones that operate outside their authorized spectrum bands, and at power levels beyond what the FCC has permitted.