Kevin Warsh defended charges of a “creditability deficit” and lack of worker representation in an AI task force made up of a VC billionaire, a Microsoft exec…

Kevin Warsh told the House Financial Services Committee that the technology is a “huge opportunity” for the American economy but the Fed is monitoring its impact closely.

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…

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…

In his Senate confirmation hearing, Kevin Warsh said the Federal Reserve should be forward-looking and reform-oriented when it comes to AI models like Anthropic’s Mythos.

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.

Jerome Powell told lawmakers that the technology’s impact on the economy is “probably not great” now, but it has the “potential to make really dramatic changes.”

Reps. Patrick McHenry and Maxine Waters introduce measures targeting the technology’s impact on housing and the financial sector.

An OCC official says the move reflects the evolving nature of threats and more robust guidance from NIST and CISA.