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US introduces bill demanding reports on AI in finance, housing

Summary by Bitcoin Ethereum News

The post US introduces bill demanding reports on AI in finance, housing appeared on BitcoinEthereumNews.com. Homepage > News > Business > US introduces bill demanding reports on AI in finance, housing United States lawmakers in the House of Representatives have introduced a bipartisan bill requiring federal regulators to study how artificial intelligence (AI) impacts the financial services and housing industries. The bill, to be known as either …

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HousingWire

AI used for housing decisions draws bipartisan support, oversight

Even in a divided Congress, there is bipartisan support for learning more about how artificial intelligence, and especially gen AI, is being leveraged in the housing and banking industries. Two bipartisan measures introduced this week would address concerns about how banks use AI in property valuations and underwriting, among other issues. On Monday, representative and chair of the House Financial Services Committee, Patrick McHenry, a Republica…

Bitcoin Ethereum News

US introduces bill demanding reports on AI in finance, housing

After overseeing the digital asset space, Maxine Waters and Patrick McHenry recently introduced a bill that seeks to understand AI's role, benefits, and risks in financial services and real estate. The post US introduces bill demanding reports on AI in finance, housing appeared first on CoinGeek.

3 months ago

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