CFPB Reportedly Finds Hello Digit's Automated Savings Algorithm Caused Overdrafts and Orders Redress with $2.7M Penalty
Date: 2022-08-10
Affected: Hello Digit, Oportun Financial Corporation
Attack vector: other
Category: real-world
Severity: Critical

AI Incident Database (AIID) entry #1222: CFPB Reportedly Finds Hello Digit's Automated Savings Algorithm Caused Overdrafts and Orders Redress with $2.7M Penalty. Alleged deployer/developer: Hello Digit, Oportun Financial Corporation. See the linked AIID entry for full narrative, sourcing, and classification.


Mitigations:

Architectural layers (MAESTRO):