by Eric J. Ellman | Jul 9, 2021
In March 2021, five financial institution agencies filed a Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, Including Machine Learning. CDIA filed a comment in connection with this process. In this notice, the Board of...
by Eric J. Ellman | Jan 4, 2021
In January 2021, CDIA filed a comment in response to five federal financial regulatory agencies’ announcement of an Advance Notice of Proposed Rulemaking “outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The...
by Eric J. Ellman | Jul 5, 2020
In July 2019, the Federal Reserve issued its first report on synthetic identity fraud, Synthetic Identity Fraud in the U.S. Payment System: A Review of Causes and Contributing Factors. The paper was authored by Ken Montgomery, Payments Security Strategy Leader,...
by Eric J. Ellman | Jul 1, 2020
In July 2020, the Federal Reserve issued a report, Mitigating Synthetic Identity Fraud in the U.S. Payment System. The paper was authored by Jim Cunha, Payments Security Strategy Leader and Fintech Division Head Senior Vice President at the Federal Reserve Bank of...
by Eric J. Ellman | Nov 1, 2019
In November 2019, the five federal financial regulatory agencies issued a joint statement on the use of alternative data in underwriting by banks, credit unions, and non-bank financial firms. As noted in the press release: The statement from the Federal Reserve Board...
