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 | 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...
by Eric J. Ellman | Jan 11, 2019
On January 11, 2019, five federal financial institution regulators and the state financial institution council issued an advisory, Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by...
by Eric J. Ellman | Oct 9, 2013
On October 9, 2013, five federal financial institution regulators issued an advisory, Regulators encourage institutions to work with borrowers affected by government shutdown. These federal agencies are the FRB, the CFPB, the FDIC, the NCUA, and the OCC. These...
