Financial Services

FDATA actively engages with regulators to shape frameworks that empower consumers and safeguard markets.

Engagement includes:

  • CFPB (U.S.): Supervision of non-bank markets and competition issues
  • OCC, FDIC, Federal Reserve (U.S.), TPRM: Oversight of bank–fintech partnerships and payments.
  • Finance Canada: Implementation of consumer-driven banking and open finance policies.
  • OSFI (Canada): Third-party risk management and prudential oversight.
  • FTC, SEC (U.S.): Data privacy and competition policy
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Related Press Releases

FDATA North America Submits Comments to US Financial Regulators’ Request for Information on Financial Institutions’ Use of AI and ML

FDATA North America Submits Comments to US Financial Regulators’ Request for Information on Financial Institutions’ Use of AI and ML

June 29, 2021, Washington, DC - Today, the Financial Data and Technology Association (FDATA) of North America submitted comments to the US financial regulators as part of their Request for Information (RFI) on financial institutions’ use of artificial intelligence (AI), including machine learning (ML). The Federal Reserve, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (NCUA), National Credit Union Administration (NCUA), and Office of the Comptroller of the Currency (OCC) sought comments on the use of AI by financial institutions and their products and services to consumers.
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