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Financial Institution Letter |
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Extension of Comment Period for Request for Information on Artificial Intelligence and Machine Learning |
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Summary:
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, and the National Credit Union Administration (the agencies) are extending the comment period for the Request for Information (RFI) on the use of artificial intelligence (AI), including machine learning (ML), by financial institutions until July 1, 2021. The RFI was published in the Federal Register on March 31, 2021, with comments due by June 1, 2021.
Statement of Applicability:
This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.
Distribution:
FDIC-Supervised Institutions
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