AI needs more regulation, not less
In the early 1970s, the fledgling credit card industry routinely and shortsightedly held cardholders liable for fraudulent transactions, even if their cards had been lost or stolen. In response, Congress passed the 1974 Fair Credit Billing Act to limit cardholder liability. This protection increased public trust in the new payment system and spurred growth and … Continue reading AI needs more regulation, not less
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