U.S. Department of Treasury releases request for information on uses, opportunities, and risks of artificial intelligence in the financial services sector
WASHINGTON, D.C. (June 7, 2024) — Yesterday, the U.S. Department of the Treasury released a request for information on the uses, opportunities, and risks of artificial intelligence (AI) in the financial services sector. Treasury is seeking public comment on the uses of AI in the financial services sector and the opportunities and risks presented by developments and applications of AI within the sector.
Members of the public, including credit unions, credit union service organizations, and third-party vendors, are encouraged to submit comments within 60 days. Comments responding to this request for information will be publicly viewable on www.regulations.gov.
For more information, please visit the U.S. Treasury’s website.
About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
