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CFPBNonrulemakingCFPB-2021-0004

Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, Including Machine Learning

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American Bankers Association filings
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American Bankers Association filed 1 comment on this docket between Jun 29, 2021 and Jun 29, 2021. 11 other organizations filed here. The comment window closed 1853d ago.

What American Bankers Association filed (1)

Jun 29, 2021· Comment from AMERICAN BANKERS ASSOCIATION· CFPB-2021-0004-0032

This is a comment submission by the American Bankers Association.

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Abstract

The agencies are gathering information and comments on financial institutions' use of artificial intelligence (AI), including machine learning (ML). The purpose of this request for information (RFI) is to understand respondents' views on the use of AI by financial institutions in their provision of services to customers and for other business or operational purposes; appropriate governance, risk management, and controls over AI; and any challenges in developing, adopting, and managing AI. The RFI also solicits respondents' views on the use of AI in financial services to assist in determining whether any clarifications from the agencies would be helpful for financial institutions' use of AI in a safe and sound manner and in compliance with applicable laws and regulations, including those related to consumer protection.

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Co-filers (11)

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