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American Fintech Council Calls for Treasury to Back Innovation by Enhancing Regulatory AI Clarity

The Fintech Times

In June, the Treasury Department issued a request for information on the use of AI in financial services. ” AFC also explained that it recognises the ‘essential’ role of existing consumer protections and governance structures in safeguarding consumer privacy and managing third-party risk.

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CFPB Issues RFI For Remittance Rule At Urging Of CUNA

PYMNTS

The Consumer Financial Protection Bureau (CFPB) announced Thursday (April 25) that it has issued a request for information on its remittance rule, which had faced calls by the Credit Union National Association for revision. CUNA wants the threshold raised to at least 1,000.

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Acting CFPB Head Doesn’t Need Additional Funding For Q2

PYMNTS

17), the CFPB said it is issuing a “call for evidence” to ensure the agency, created by the Obama administration, is acting in an appropriate manner to best protect consumers. The request for information will give the public an opportunity to provide feedback and offer up suggestions to improve the agency.

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CFPB Sends Out RFI Over Administrative Adjudications

PYMNTS

The Consumer Financial Protection Bureau (CFPB) wants more insight into the use of administrative adjudications and sent out a Request for Information (RFI) to get it.

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