House Financial Services Committee Examines AI Use Cases in the Financial Services Industry
Summary
On July 18, 2024, the House Financial Services Committee’s AI Working Group issued a staff report on AI applications into financial services and housing. Following the report’s release, the Committee held a hearing titled, “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing.” During the hearing, Chair Patrick McHenry (R-NC), Ranking Member Maxine Waters (D-CA) and leadership of the AI Working Group—Reps. French Hill (RAR) and Stephen Lynch (D-MA)—echoed the recommendations of the staff report.
Impacted Sectors
Additional Information
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