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Artificial Intelligence › Risk Management › National Credit Union Administration

Orrick, Herrington & Sutcliffe LLP

GAO Report Reveals How Financial Institutions (And Their Regulators) Are Using AI

Orrick, Herrington & Sutcliffe LLP on

Curious about how financial institutions, their service providers, and their federal regulators are using and overseeing machine learning and other AI tools? A new GAO report published on May 19th (the “Report”) provides a...more

Orrick, Herrington & Sutcliffe LLP

GAO report focuses on AI use in financial services

Orrick, Herrington & Sutcliffe LLP on

On May 19, the GAO published a report discussing the use and oversight of AI in financial services. The report highlighted the benefits of AI, such as improved efficiency, reduced costs, and enhanced customer experience,...more

Troutman Pepper Locke

NCUA’s New Board Chairman Hauptman Outlines His Priorities for Agency

Troutman Pepper Locke on

This week, President Trump designated National Credit Union Administration (NCUA) Vice Chairman Kyle Hauptman as the thirteenth Chairman of the NCUA Board. Hauptman succeeds Todd Harper as NCUA Chairman. In the press release...more

Nelson Mullins Riley & Scarborough LLP

Continued Support for AI from the Financial Services Regulators

Nelson Mullins Riley & Scarborough LLP on

On March 29, 2021, the primary federal bank regulators (the Federal Reserve, CFPB, the FDIC, the NCUA, and the OCC) issued a request for information to gain input on the growing use of Artificial Intelligence (“AI”) by...more

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