Data experts say the regulators’ final rule as part of the Financial Data Transparency Act is a boon for transparency and accuracy, but there’s still a ways…
The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department building on April 24, 2025, in Washington, D.C. (Photo by J. David Ake/Getty Images)
Sen. Ruben Gallego, D-Ariz., wants the Financial Crimes Enforcement Network and other financial regulators to assess the effectiveness of AI in anti-money laundering investigations.
Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation of enforcement actions” under the bipartisan, bicameral bill.
House Financial Services Committee ranking member Rep. Maxine Waters, D-Calif., speaks with Rep. Patrick McHenry, R-N.C., before a hearing in the Rayburn House Office Building on Capitol Hill on March 6, 2024 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)
Sheena Burrell will join FDIC at a time when the agency's FDiTech office is expected to revert back to a more external and forward-leaning approach to innovation.
A view of the tracks near Basecamp, Brightline’s train maintenance facility, on June 5, 2023 in Orlando, Fla. (Photo by Thomas Simonetti for The Washington Post via Getty Images)
Vice President Kamala Harris looks on as President Joe Biden signs an executive order on artificial intelligence, in the East Room of the White House in Washington, D.C., on Oct. 30, 2023. (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)