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Lendistry faces California suit alleging AI-powered privacy violations

( October 28, 2024, 20:53 GMT | Official Statement) -- MLex Summary: Lendistry, a non-bank business lender, has been hit with privacy claims over its administration of Covid-19 recovery programs for the state of California. "In administering these programs, Lendistry’s heavy reliance on third-party artificial intelligence ('AI'), third-party advanced machine learning ('AML'), and other third-party software has violated applicable privacy laws embedded in its state contract by, among other things, harvesting and using class members' confidential business data, personal information, behavioral data, and biometric data without adequate disclosure or consent and, in the case of some categories of data, without any disclosure or consent at all," plaintiffs said in a suit filed in a state court in Los Angeles.   See attached document....

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