Federal Reserve and Other Banking Agencies Extend Comment Period for Artificial Intelligence

Perficient highlighted in a blog more than a month ago that the five federal financial institution agencies were seeking public comment to understand the public’s views on the use of AI by financial institutions in their provision of services to customers.

Board of Governors of the Federal Reserve System (The Fed)
Consumer Financial Protection Bureau (CPFB)
Federal Deposit Insurance Corporation (FDIC
National Credit Union Administration (NCUA)
Office of the Comptroller of the Currency (OCC)

Now, however, the agencies have extended the comment period on the Request for Information on financial institutions’ use of artificial intelligence (AI) until July 1, 2021. The original deadline was June 1, 2021.

How to Submit Your Comments:

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Readers are encouraged to provide comments, which become part of the public record, to the Bureau of Consumer Financial Protection. Readers may submit responsive information and other comments, identified by Docket No. CFPB 2021-0004, by any of the following methods:

Federal eRulemaking Portal: Go to http://www.regulations.gov and enter the Docket Number above in the Search bar and follow the instructions for submitting your comments.
Email: 2021-RFI-AI@cfpb.gov. Include Docket No. CFPB-2021-0004 in the subject line of the message.

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Federal Reserve and Other Banking Agencies Extend Comment Period for Artificial Intelligence

by Carl Aridas on May 19th, 2021 | ~ minute read

How to Submit Your Comments:

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Carl Aridas, CSM, PMP, SAFe, SFC, Six Sigma Green Belt

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