On April 29, Acting Comptroller of the Currency Rodney Hood delivered pre-recorded remarks at the National Fair Housing Alliance’s Responsible AI Symposium. In his speech, Hood reiterated the OCC’s commitment to deploying AI...more
5/9/2025
/ Algorithms ,
Artificial Intelligence ,
Banking Sector ,
Diversity and Inclusion Standards (D&I) ,
Financial Services Industry ,
FinTech ,
OCC ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Technology
On April 7, the White House issued a fact sheet outlining new steps to support the responsible use and procurement of AI across federal agencies. The initiative builds on the Biden Administration’s 2023 Executive Order on AI...more
4/14/2025
/ Artificial Intelligence ,
Biden Administration ,
Executive Orders ,
Federal Acquisition Regulations (FAR) ,
Government Agencies ,
New Guidance ,
OMB ,
Regulatory Reform ,
Risk Management ,
Small Business ,
Technology Sector ,
Trump Administration
On February 20, the Virginia General Assembly passed the High-Risk Artificial Intelligence Developer and Deployer Act. If signed into law, Virginia would become the second state, after Colorado, to enact comprehensive...more
3/24/2025
/ Artificial Intelligence ,
Compliance ,
Consumer Protection Laws ,
Enforcement ,
New Legislation ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
State Attorneys General ,
State Legislatures ,
Technology Sector
On March 13, New York Attorney General Letitia James announced the introduction of the Fostering Affordability and Integrity through Reasonable Business Practices Act (FAIR Business Practices Act). The proposed legislation...more
3/24/2025
/ Artificial Intelligence ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Debt Collection ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Proposed Legislation ,
State Attorneys General ,
Student Loans ,
Technology Sector ,
Unfair or Deceptive Trade Practices
On February 22, Attorney General Merrick B. Garland appointed Jonathan Mayer as the Justice Department’s inaugural Chief Science and Technology Advisor and Chief Artificial Intelligence Officer. Mayer will sit in the Justice...more