March 14, 2025

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CFPB Outlines Strict Approach to AI Use in Financial Services

  • August 13, 2024

The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to existing consumer protection laws for new technologies. In am Aug. 12 comment letter to Treasury Secretary Janet Yellen, the CFPB outlined its approach to regulating AI and other emerging technologies

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Finance

Treasury Seeks Comments on Using AI in Financial Services

  • June 7, 2024

The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to a Thursday press release. The request for information encompasses “uses,

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