Artificial Intelligence in Finance and Housing
Official: Expressing the sense of the House of Representatives with respect to the use of artificial intelligence in the financial services and housing industries.
This resolution expresses the House of Representatives' views on the role of artificial intelligence in the financial services and housing industries.
This resolution supports the House Committee on Financial Services playing a leading role in making public policy regarding the adoption of artificial intelligence in the financial services and housing industries.
1. This resolution expresses the view that artificial intelligence offers both opportunities and risks in finance and housing. 2. It calls for regulators to improve their understanding of best practices for governing artificial intelligence. 3. The resolution notes that financial institutions are using artificial intelligence to improve customer service and reduce fraud. 4. It highlights that small community financial institutions may struggle to keep up with larger institutions in adopting artificial intelligence. 5. The resolution emphasizes that using artificial intelligence does not exempt financial institutions from anti-discrimination laws.
This resolution affects consumers, employees, and small community financial institutions in the finance and housing sectors.