The US Federal Trade Commission has issued a stark warning to companies using sexist and racist algorithms: hold yourself accountable — or the regulator will do it for you. An official blog post by staff attorney Elisa Jilson noted that the FTC Act prohibits the sale or use of racially biased algorithms. Jilson added that it’s illegal to use biased algorithms that lead to credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because a person receives public assistance. It’s important to hold yourself accountable for your algorithm’s performance. Our recommendations for transparency and independence can help…
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