American Bankers Association
OCCNonrulemakingOCC-2020-0049

Request for Information on Artificial Intelligence, Including Machine Learning

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Last modified
Jul 2, 2021
Comment window
closed 1853d ago
American Bankers Association filings
1

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American Bankers Association filed 1 comment on this docket between Apr 23, 2021 and Apr 23, 2021. 23 other organizations filed here. The comment window closed 1853d ago.

What American Bankers Association filed (1)

Apr 23, 2021· American Bankers Association, Bank Policy Institute, Consumer Bankers Association, et al· OCC-2020-0049-0003

Please see the attached joint trades request for extension regarding the OCC's Docket ID OCC-2020-0049, Request for Information on Financial Institutions' Use of Artificial Intelligence, including Machine Learning, from the following trade associations: American Bankers Association Bank Policy Institute Consumer Bankers Association Independent Community Bankers of America Institute of International Bankers Securities Industry and Financial Markets Association

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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