EDA: U.S. Department of Commerce Announces $25 Million Notice of Funding Opportunity to Upskill American Workers in Using Artificial Intelligence
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is making available approximately $25 million in funding as part of a new AI Upskill Accelerator Pilot Program. This initiative will support the design and implementation of artificial intelligence (AI) workforce training, helping to train workers and grow industries that are integral…
ICBA: New ThinkTECH Accelerator Cohort Named to Help Community Banks Tackle Innovation Priorities
The Independent Community Bankers of America® (ICBA) today announced the selected companies for its eleventh ICBA ThinkTECH Accelerator program (AP11). Running May 18 – July 24, the second cohort of 2026 reflects feedback from ICBA’s ThinkTECH Selection and Advisory Committee and targets priority areas for community bank innovation, including fraud mitigation, artificial intelligence, data analytics,…
Treasury: Artificial Intelligence (AI) Innovation Series Launched
The Office of the Financial Stability Oversight Council (FSOC) and the Treasury Department’s Artificial Intelligence Transformation Office (AITO) launched the AI Innovation Series this week, a public-private initiative to support the continued strength and resilience of the U.S. financial system in an era of accelerating technological change. Artificial intelligence is increasingly embedded in core financial…
Treasury: Request for Comment Related to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act Issued
Today, the U.S. Department of the Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in Executive Order (E.O.) 14178 on “Strengthening American Leadership in Digital Financial Technology.” Today’s request for comment fulfills Treasury’s obligation pursuant to section 9(a) of…
OCC: Acting Comptroller of the Currency Discusses Artificial Intelligence
Acting Comptroller of the Currency Rodney E. Hood today discussed the role of artificial intelligence in financial services in recorded remarks at the National Fair Housing Alliance’s Responsible AI Symposium. In his remarks, Acting Comptroller Hood highlighted the Office of the Comptroller of the Currency’s (OCC) work to ensure AI and other technologies are used…
FHFA: Rule Proposed to Improve Federal Home Loan Bank Governance
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking which addresses boards of directors and executive management of the Federal Home Loan Banks (FHLBanks) and the FHLBank System’s Office of Finance. The proposed rule will update and clarify regulatory requirements on a variety of corporate governance topics. “The Federal Home Loan Bank…
OCC: Research Solicited on Artificial Intelligence in Banking & Finance
The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on the use of artificial intelligence in banking and finance for submission by December 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in Washington, D.C.,…
HUD: Fair Housing Guidance Issued on Applications of Artificial Intelligence
Department recommends best practices to prevent discriminatory uses of artificial intelligence in tenant screening and advertising of housing and housing-related services Today, the U.S. Department of Housing and Urban Development (HUD) released two guidance documents addressing the application of the Fair Housing Act to two areas in which the use of artificial intelligence poses particular…
CFPB: CFPB Joins Federal and State Agencies in Coordinated Statements on Tech & Enforcement
Today, federal and state agencies, including the Consumer Financial Protection Bureau (CFPB), released agency-specific action statements on tech capacity. These statements reflect concrete actions to increase tech capacity, including actively hiring technologists – which will help enforce the laws on the book and design remedies that work for consumers, workers, small businesses, and others in…
FHFA: 2024 Generative AI in Housing Finance TechSprint Announced
The Federal Housing Finance Agency (FHFA) today announced its second TechSprint, an in-person team-based problem-solving event hosted by its Office of Financial Technology. FHFA’s Generative Artificial Intelligence (AI) in Housing Finance TechSprint will bring together technology, regulatory, housing, and consumer finance experts to identify use cases (or specific scenarios) and associated control measures to support…