2023-04-03T15:16:07-04:00March 10th, 2022|2- Daily Briefing|

Gensler Targets AI Conflict, Bias

In remarks today, SEC Chairman Gensler focused on one of his concerns with digital engagement:  the ethical and sound use of artificial intelligence.  Confining his comments to products germane to the Commission (i.e., robo-advice, wealth management, brokerage platforms, and other investor-focused technologies), Mr. Gensler reiterated that AI optimization cannot focus solely on a firm’s profits, but must also reflect investor risk tolerance and return considerations.

Targets Rural Banking Deserts, Farm Loans, Private Equity

The CFPB today added yet another issue to its target list: rural finance.  Following roundtables similar to those for workers, the Bureau has identified three issues that warrant close attention.