After financial agencies’ ‘Herculean effort’ on joint data standards, the wait begins
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…
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Federal Housing Finance Agency
Financial regulatory agencies have fallen behind on joint data standards
A new GAO report offers guidance to regulators that could lead to governmentwide data standards after the agencies missed a deadline required by the Financial Data Transparency…
Lawmakers renew push for enforcement-free AI testing at financial agencies
Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation of enforcement actions” under the bipartisan, bicameral bill.
Fannie Mae partners with Palantir on mortgage fraud detection tech
The data miner says its technology can highlight “unique patterns” and identify fraud in mortgage packages before they hit Fannie Mae.
Financial agencies’ AI tests could get reprieve from enforcement
A bipartisan, bicameral bill would allow designated financial regulatory staffers to test the technology’s tools without the threat of such actions.
Census Bureau missed opportunities to avert 2020 cyberattack — report
A report by the Department of Commerce’s Inspector General identifies critical IT failings.
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CIO who oversaw the first ‘online census’ leaves Census Bureau
Kevin Smith is now CIO of the Federal Housing Finance Agency.
This bill could ‘turbocharge’ financial regulators’ analytics
The House Financial Services Committee's leadership is pushing legislation to standardize data at eight agencies, paving the way for RegTech and AI apps.