Description

Closure of inquiry into use of AI and ML by financial institutions

The federal agencies close a request for information on financial institutions` use of artificial intelligence (AI), including machine learning (ML). The goal is to understand respondents` views on the use of AI, including governance, risk management, control mechanisms and consumer protection

Original source

Scope

Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
ML and AI development
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

Hide details
2021-03-31
in consultation

The federal agencies launch a request for information on financial institutions` use of artificial …

2021-06-02
processing consultation

The federal agencies close a request for information on financial institutions` use of artificial i…