Tagged: national credit union administration

OCC, CFPB, FDIC, NCUA and Federal Reserve Join in Request for Information on Artificial Intelligence and Usage in Financial Services

March 29, 2021 @ 5:07 pm By JD Alois |

In a joint statement today, five federal financial regulatory agencies announced a consultation pertaining to the usage of artificial intelligence (AI) as well as machine learning (ML) within financial institutions. The agencies seek information from the public on how financial institutions use AI in their… Read More

Read more in: Artificial Intelligence, Politics, Legal & Regulation | Tagged ai, artificial intelligence, cfpb, consumer financial protection bureau, fdic, federal deposit insurance corporation, machine learning, ML, national credit union administration, occ, office of the comptroller of the currency, rf, us federal reserve

Blockchain Perhaps? OCC, Federal Reserve, FDIC, FinCEN & NCUA Encourage Banks to Innovate When it Comes to AML/BSA Compliance

December 4, 2018 @ 9:22 am By JD Alois |

Multiple federal agencies have come together to encourage banks to innovate when it comes to compliance. The statement is part of a governmental working group that has been created to collaborate between some of the financial regulatory entities. The Office of the Comptroller of the Currency… Read More

Read more in: Blockchain & Digital Assets, Fintech, Politics, Legal & Regulation | Tagged aml, anti money laundering, bank secrecy act, bsa, fdic, federal reserve, fincen, james otting, national credit union administration, occ, office of the comptroller of the currency

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