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OnticBeta
2024mediumFinancial Services/Consumer Protection

CFPB Bank Chatbot Investigation

System Description

AI chatbots deployed by major commercial banks for customer service

Authoritative Output Type

Financial guidance, account assistance, customer service responses

Missing Required State

Consumer rights recognition, regulatory compliance verification, dispute escalation triggers

Why This Is SAF

CFPB investigation found all top 10 commercial bank chatbots failed to recognize when customers invoked legal rights, creating 'doom loops' where customers couldn't reach human assistance

Completeness Gate Question

Has this chatbot interaction been evaluated for consumer rights invocation requiring human escalation?

Documented Consequence

CFPB investigation findings published, White House 'Time Is Money' initiative tasked CFPB with chatbot crackdown

Notes

- **Verified**: 2025-12-19 - **Investigation Date**: 2023-2024 - **Notes**: Part of broader regulatory attention to AI customer service creating barriers to human assistance

Prevent this in your system.

The completeness gate question above is exactly what Ontic checks before any claim gets out. No evidence, no emission.