Artificial Intelligence (AI)

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Policy Analysis & Advocacy Efforts

• Comment Letter
  Letter Responding to the Request for Information on the Development of an AI Action Plan

  March 14, 2025

• Staff Analysis
  FAQ: Executive Order on Artificial Intelligence

  January 30, 2025

• Letter to Congress & Regulators
  ABA Comment to FCC re: NPRM on Artificial Intelligence

  November 15, 2024

• Comment Letter
  Joint Letter to the Treasury on the Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector

  August 12, 2024

Related Training & Events

• Crafting an Effective AI Governance Policy for Your Bank

  Upcoming Webinar | April 24, 2025 | 2 - 3:30 PM ET

  BA’s Senior Counsel on Intellectual Property, Seth Rappaport, will share guidance and sample language to kick-start your policy development process. Attendees with fundamental awareness of generative AI will gain practical, bank-specific knowledge and tools they can use to lead the development or refinement of an AI governance policy at their bank. This is the time to get answers to your questions!

• SANS Cybersecurity Training Suites

  Self-Paced Training

  A suite of new courses to help bank employees at all levels understand cybersecurity risks.

• AI Security Essentials for Business Leaders

  Self-Paced Training

  Unveil the prevalent risks, discover mitigation tactics, and gain insights into AI-related cybersecurity and policy development. Designed for AI adopters to decision-makers, this training ensures a comprehensive grasp of GenAI's transformative impact on both personal and professional realms.

• AI Security Essentials: Role Based Training

  Self-Paced Training

  Designed for employees across all roles—from Marketing and Sales to HR and Developers—the modules prepare your team to use AI technologies safely and effectively.

ABA Resources

• Infographic
  Understanding Artificial Intelligence Infographic

  December 12, 2018

• Guide
  Understanding Artificial Intelligence

  October 10, 2018

Agency Guidance

• CFPB Circular 2023-03: Adverse action notification requirements and the proper use of the CFPB’s sample forms provided in Regulation B

  September 19, 2023

• Interagency (Federal Reserve, OCC, FDIC) Guidance on Third-Party Relationships: Risk Management

  June 9, 2023

• CFPB advisory on chatbots in consumer finance

  June 6, 2023

• Joint (CFPB, Department of Justice, EEOC, FTC) Statement on Enforcement Efforts Against Discrimination and Bias in Automated Systems

  April 25, 2023

• OCC Model Risk Management Comptroller’s Handbook

  August 1, 2021

• OCC Bulletin 2021-19: Bank Secrecy Act/Anti-Money Laundering: Interagency Statement on Model Risk Management for Bank Systems Supporting BSA/AML Compliance and Request for Information

  April 12, 2021

• Federal Reserve SR 21-8: Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance

  April 9, 2021

• FDIC FIL-27-2021: Bank Secrecy Act: Agencies Address Model Risk Management for Bank Models and Systems Supporting Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control Compliance

  April 9, 2021

• FDIC FIL-22-2017: Adoption of Supervisory Guidance on Model Risk Management

  June 7, 2017

• Federal Reserve SR 11-7: Guidance on Model Risk Management

  April 4, 2011

• OCC Bulletin 2011-12: Guidance on Model Risk Management

  April 4, 2011

Rules & Regulations

• Interagency Quality Control Standards for Automated Valuation Models

  August 7, 2024

Agency Materials

• FS-ISAC Generative AI Vendor Evaluation & Qualitative Risk Assessment Tool

  January 1, 2025

• FS-ISAC Generative AI Vendor Evaluation & Qualitative Risk Assessment Guide

  January 1, 2025

• NIST AI 600-1: Generative AI Profile

  July 1, 2024

• DHS Report on Mitigating AI Risk: Safety and Security Guidelines for Critical Infrastructure Owners and Operators

  April 26, 2024

• Treasury Report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector

  March 27, 2024

• FS-ISAC AI Risk Papers

  February 1, 2024

• National Institute of Standards and Technology (NIST) AI Risk Management Framework

  January 1, 2023

• EU AI Act
• Colorado AI Act

Industry Resources

• FS-ISAC Generative AI Vendor Evaluation & Qualitative Risk Assessment Tool

  January 1, 2025

• FS-ISAC Generative AI Vendor Evaluation & Qualitative Risk Assessment Guide

  January 1, 2025

• NIST AI 600-1: Generative AI Profile

  July 1, 2024

• DHS Report on Mitigating AI Risk: Safety and Security Guidelines for Critical Infrastructure Owners and Operators

  April 26, 2024

• Treasury Report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector

  March 27, 2024

• FS-ISAC AI Risk Papers

  February 1, 2024

• National Institute of Standards and Technology (NIST) AI Risk Management Framework

  January 1, 2023

• EU AI Act
• Colorado AI Act