DATA PRIVACY, SECURITY & AI TRACK: How to Manage the Data Privacy Risks of AI
The mortgage industry uses AI tools to help borrowers, streamline operations, and lower costs. Yet these tools rely on vast amounts of sensitive data. This session covers risk management strategies to keep consumer and company data protected while incorporating AI tools.
Speakers
Speakers
Amanda Lawrence partners with financial services companies, including fintechs and traditional financial institutions, in a wide range of consumer litigation, enforcement and regulatory matters. From reviewing and establishing compliance programs, to providing regulatory advice, to defending against government enforcement actions and commercial complaints, Amanda’s full-service practice works to secure the client’s future. She is a trusted adviser to and first call in high-stakes litigation and enforcement matters, including government investigations, regulatory examinations, class action and complex litigation, and internal investigations. Her matters include investigations, examinations, and enforcement actions before the CFPB, FTC, federal and state bank regulators and state attorneys general, including defending a leading bank in one of the CFPB’s first enforcement actions—a joint investigation and enforcement action with the FDIC. Amanda also represents clients in bet the company litigation, including financial institutions and lenders in residential mortgage-backed securities (RMBS) matters, consumer class actions and other complex civil litigation matters. Amanda is well versed in all aspects of her clients’ business and is known for providing thoughtful and practical advice. She leverages her experience with litigation and enforcement agencies to stay ahead of regulatory trends impacting the finance and fintech industries. Key among these is data monetization and regulators’ heightened focus on how data is collected, used, stored and transferred. Amanda’s practice started in the cyber and privacy spheres, and today she helps clients manage compliance with the Gramm-Leach-Bliley Act (GLBA) and Regulation P, the Safeguards Rule, the Fair Credit Reporting Act (FCRA), the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
Kim Phan counsels mortgage clients and other financial institutions on privacy and data security law in areas including the Gramm-Leach-Bliley Act (GLBA), the Fair Credit Reporting Act (FCRA), the Telephone Consumer Protection Act (TCPA), and other federal and state privacy and data security statutes and regulations, including the California Consumer Privacy Act (CCPA). Her work in this area encompasses strategic planning and guidance for companies to incorporate privacy and data security considerations throughout product development, marketing, and implementation. She also assists companies with data breach prevention and response, including establishing effective data security programs prior to a breach and the assessment of breach response obligations following a breach.
