Federal regulators have signaled that they will be looking closely at companies that utilize artificial intelligence (“AI”), in consumer financial services. Federal regulators want to ensure that financial institutions are following existing laws. We will discuss the basic understanding of what is artificial intelligence and the use of artificial intelligence in banking. We will let you know what the regulators are saying about A.I. and the Equal Credit Opportunity Act (ECOA). Finally, we will recent industry and regulator updates on this emerging and evolving topic.

Program Outline:

• What is artificial intelligence?
• Use of artificial intelligence in banking
• Intersection of A.I. and ECOA
• Recent Updates
• Q&A

Who Should Attend?

Compliance/Audit Personnel
Mortgage Lenders
Loan Servicing
Board of Directors

Air Date: December 5, 2024