Federal Regulators' Artificial Intelligence Initiative Is a Promising Development for Financial Industry (Update) | Davis Wright Tremaine LLP
To embed, copy and paste the code into your website or blog: Update: On May 17, 2021, the agencies extended the deadline for comments from June 1, 2021, to July 1, 2021. The text of this post has been updated accordingly. The federal financial institutions regulatory agencies collectively issued a Request for Information and Comment (RFI) on March 31, 2021, to better understand how artificial intelligence (AI) and machine learning (ML) are used in the financial services industry and identify areas where additional "clarification" (possibly in the form of informal guidance or more formal regul...