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Colorado Releases Draft Rules on AI and Chatbot Safety
Original: Colorado Releases Interim Draft Rules for Automated Decision-Making Technology and Chatbot Safety: What Changed and How it Affects Financial Services Institutions
Colorado has released interim draft rules governing automated decision-making technology and chatbot safety, with particular implications for financial services institutions. The draft updates the state's regulatory approach to artificial intelligence used in consumer-facing contexts, and compliance teams in banking and finance are reviewing how the changes will affect their obligations under the state's emerging AI framework.
Why now: Regulators and financial firms are closely tracking Colorado's AI rules as a model for US state-level regulation of automated decision-making.
ColoradoColorado Attorney Generalfinancial services institutions
Evidence
- Colorado Releases Interim Draft Rules for Automated Decision-Making Technology and Chatbot Safety: What Changed and How it Affects Financial Services Institutions · Consumer Financial Services Law Monitor
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