Browsing: Safety

An in-the-works artificial intelligence regulatory bill from members of the Senate Commerce Committee — sponsored by Amy Klobuchar, D-Minn., and John Thune, R-S.D. with input from Chair Ted Cruz, R-Texas — is facing pushback from the panel’s ranking member, Sen. Maria Cantwell, D-Wash., according to multiple people familiar, due to disagreements over the proposal’s AI…

The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp.’smove to narrow bank supervisors’ ability to flag unsafe or unsound practiceswould give banks more discretion over how they manage supervisory risks — but with that flexibility comes greater responsibility for addressing small problems before they become big ones.