Senate Democrats Call for CFPB to Protect Consumers from AI Voice Cloning Scams.

The senators call on the CFPB to "review the risks posed by this new technology as soon as practicable and take action under the CFPB's existing authorities to protect consumers". On July 6, 2023, Democratic Senators Sherrod Brown, Bob Menendez, Jack Reed, and Tina Smith issued a letter to CFPB Director Rohit Chopra regarding the emergence of artificial-intelligence-powered voice cloning technology and its potential use in financial scams. [Extracted from the article]