On July 30, Unleashing AI Innovation in Financial Services Act, a bipartisan, bicameral bill was reintroduced to “establish regulatory guardrails at financial regulatory agencies for regulated entities to test AI projects.”...more
Pursuant to President Biden’s October 2023 AI executive order, the US Department of Treasury (Treasury) released a report on cybersecurity risks in the financial services sector in March 2024.
While recognizing the...more
4/5/2024
/ Artificial Intelligence ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Executive Orders ,
Financial Institutions ,
Fraud ,
Malware ,
Risk Assessment ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Vulnerability Assessments
Welcome to this week's issue of AI: The Washington Report, a joint undertaking of Mintz and its government affairs affiliate, ML Strategies.
The accelerating advances in artificial intelligence (“AI”) and the practical,...more
10/13/2023
/ Adverse Action Report ,
Algorithms ,
Artificial Intelligence ,
Automation Systems ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Act ,
Dodd-Frank ,
ECOA ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Machine Learning ,
Mortgage Loan Originators ,
Proposed Rules ,
Regulation B ,
Rulemaking Process