Bank Policy Institute filed 1 comment on this docket between Jun 25, 2021 and Jun 25, 2021. 11 other organizations filed here. The comment window closed 1853d ago.
Please see the attached letter from the Bank Policy Institute regarding the CFPB's Docket No. CFPB-2021-0004, Request for Information on Financial Institutions' Use of Artificial Intelligence, including Machine Learning.
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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