Foster bill would bolster tech use to monitor AI financial risks

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A leading Democrat on the House Financial Services Committee introduced legislation Thursday aimed at helping regulators use technology to better spot financial stress turbocharged by artificial intelligence and around-the-clock payment systems. The draft bill, from Rep. Bill Foster, D-Ill., would require the Federal Reserve to work with other regulators to develop, test and publicly release […] The post Foster bill would bolster tech use to monitor AI financial risks appeared first on Roll Call