Artificial intelligence (AI) is increasingly woven into financial services operations, transforming everything from consumer interactions through chatbots and targeted marketing to essential functions like underwriting,...more
6/16/2025
/ Algorithms ,
Artificial Intelligence ,
Business Strategies ,
Consumer Financial Protection Bureau (CFPB) ,
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Deregulation ,
Fair Lending ,
FHFA ,
Financial Services Industry ,
New Guidance ,
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Trump Administration ,
UDAAP
On October 16, 2024, the New York State Department of Financial Services (NYDFS or the “Department”) published an industry letter (the “Guidance”) regarding the increased reliance on artificial intelligence (AI) and the...more
10/29/2024
/ Artificial Intelligence ,
Compliance ,
Covered Entities ,
Cybersecurity ,
Deep Fake ,
Financial Services Industry ,
Incident Response Plans ,
New Guidance ,
NYDFS ,
Risk Assessment ,
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Third-Party Service Provider ,
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