By Evan Weinberger
House lawmakers announced the creation of a new bipartisan task force to examine the effect of artificial intelligence on financial services and housing.
The House Financial Services Committee’s bipartisan Task Force on Artificial Intelligence plans to examine how AI will affect the progression of new products and services. The running organization will also examine fraud prevention teams and how AI can improve compliance for monetary institutions, as well as the potential effects on employees in the sector.
The task force continues to bring to the attention of lawmakers and regulators the legal, privacy, and other demanding situations that AI poses to industries around the world. Federal banking regulators have. . .
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