Jerome Powell told lawmakers that the technology’s impact on the economy is “probably not great” now, but it has the “potential to make really dramatic changes.”

Reps. Patrick McHenry and Maxine Waters introduce measures targeting the technology’s impact on housing and the financial sector.

An OCC official says the move reflects the evolving nature of threats and more robust guidance from NIST and CISA.

A bipartisan, bicameral bill would allow designated financial regulatory staffers to test the technology’s tools without the threat of such actions.

Priority open recommendations from the watchdog ding the financial regulators for lacking consistency in mechanisms to identify and respond to blockchain risks.

Watsonx.governance can help organizations manage their AI uses to meet coming regulations and monitor for issues, IBM said Tuesday.

Lawmakers say the Fed must do more to secure its systems from overseas interference.

Financial institutions might be best positioned to deliver it.

The House Financial Services Committee's leadership is pushing legislation to standardize data at eight agencies, paving the way for RegTech and AI apps.

The system went unnamed in the Federal Reserve OIG's evaluation, but it supports the bureau's Consumer Response Call Center.