FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

U.S. Congress Launches Task Forces for Fintech, AI

Jake MartinbyJake Martin
May 10, 2019
in Strategy
Reading Time: 1 min read
0
Share on Facebook

The U.S. House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence.

The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated. The chair of the task force will be Rep. Stephen Lynch (D-MA).

“The lives of American consumers are changing dramatically, with much of traditional banking activity now being conducted digitally on mobile devices,” Lynch said on Twitter. “Congress must ensure that this innovation also comes with basic protections for Americans’ private financial information and for the integrity of the American financial system that is the envy of the world.”

The Task Force on Artificial Intelligence will tackle topics including “the impact of automation and machine learning and how companies and consumers can use AI to improve their lives,” the committee stated. The chair of this task force will be Rep. Bill Foster (D-IL).

“[I]t is crucial that the application of AI to financial services contributes to an economy that is fair for all Americans,” Foster said in a release. “I’m looking forward to working with my colleagues to better understand how we can utilize AI to maintain the competitiveness of our nation’s financial services sector and how it translates into building a financial system that works for everyone.”

Tags: artificial intelligence (AI)Congressfintech regulation
Previous Post

Banks Back Record Number of Cybersecurity Startups

Next Post

BNY Mellon Hires for Blockchain as More Firms See It as a Priority

Related Posts

Courtesy/Canva
Strategy

Inside CSI’s AI strategy to manage rising token costs

July 24, 2026
An International Business Machines Corp. (IBM) logo at the Lisbon Web Summit in Lisbon, Portugal, on Tuesday, Nov. 12, 2024. The annual conference gathers key industry figures in technology. Photographer: Zed Jameson/Bloomberg
Strategy

Client AI CapEx eating into IBM’s software business

July 23, 2026
(Courtesy/Bloomberg)
Strategy

AMD to invest up to $5 billion in Anthropic, deploy chips

July 22, 2026
Next Post

BNY Mellon Hires for Blockchain as More Firms See It as a Priority

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account