House Financial Services Committee leaders eye AI regulatory push
Reps. Patrick McHenry and Maxine Waters introduce measures targeting the technology’s impact on housing and the financial sector.
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Financial regulatory agencies are sunsetting a tool to assess cyber risks
An OCC official says the move reflects the evolving nature of threats and more robust guidance from NIST and CISA.
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.
Fed, SEC need more consistent blockchain coordination, GAO says
Priority open recommendations from the watchdog ding the financial regulators for lacking consistency in mechanisms to identify and respond to blockchain risks.
IBM envisions government, private sector uses for new AI ‘nutrition label’ tool
Watsonx.governance can help organizations manage their AI uses to meet coming regulations and monitor for issues, IBM said Tuesday.
China allegedly tapped computers and phones of Fed employee, Sen. Portman says in report
Lawmakers say the Fed must do more to secure its systems from overseas interference.
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Government needs digital identity infrastructure now more than ever
Financial institutions might be best positioned to deliver it.
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.
Report: CFPB should assess risks to cloud systems before their deployment
The system went unnamed in the Federal Reserve OIG's evaluation, but it supports the bureau's Consumer Response Call Center.
System that tracks federal debt needs security fixes, GAO says
As part of its annual audit of the Schedules of Federal Debt — essentially the Treasury's register of what the government owes to its creditors — the…