CBA Urges Clear, Consistent Federal Framework to Support Responsible AI Innovation in Banking

The Consumer Bankers Association (CBA) has urged US Congress to establish a clear, consistent federal regulatory framework for AI in banking that is principles-based, technology-neutral, and nationally preemptive to replace fragmented state and local rules. The CBA calls for collaboration with industry to refine AI risk management and third-party vendor oversight while ensuring consumer protections, especially in emerging crypto payment networks.

This Wire brief sits within Fusion42's coverage of Fintech.