Brown, Colleagues Urge CFPB to Protect Consumers from Scams Using AI
Press Release
Issues: Technology and Communication
"Voice cloning adds a new, threatening dimension to these scams, allowing fraudsters to generate voice clips to convincingly impersonate friends, family, or potentially even financial advisors and bank employees. Hearing trusted voices amplifies the risks of consumers falling victim to scams. The risks posed by voice cloning in the realm of financial scams demand immediate attention and action. To effectively address this emerging threat, we respectfully request that the CFPB review the risks posed by this new technology as soon as practicable and take action under the CFPB's existing authorities to protect consumers."
Source