This event brings together industry experts, policymakers, lawmakers and regulators to explore the legal landscape and discuss ways to address constraints to responsible AI implementation. There will be two panels, including closing remarks by Congressman Bill Foster (D-IL), Chair of the House Task Force on Artificial Intelligence, and Ranking Member Rep. French Hill (R-AR).
In addition to the event, the Bank Policy Institute (“BPI”), and the law firm of Covington & Burling LLP (“Covington”), have developed this discussion draft to solicit input and views from relevant stakeholders on the appropriate regulatory framework for the use of artificial intelligence and machine learning (collectively, “AI”) in credit underwriting. BPI believes AI has great potential and can help banks improve access to consumer credit for underserved consumers and this discussion draft seeks to begin a dialogue among relevant stakeholders to help identify a path that regulators and industry can take to further these objectives. As a part of this effort, and based on the input provided by relevant stakeholders, BPI intends to release a final white paper with recommendations for modernizing regulatory approaches to the use of AI in credit underwriting.
Click on the following link to access the discussion draft: http://bit.ly/2kyO6l1
Registration is free and the event is being held as a widely-attended event in accordance with the Congressional gift rules.
Featuring Remarks by Congressmen Bill Foster (D-IL), Chair of the Task Force on Artificial Intelligence, and Ranking Member French Hill (R-AR)
Panel #1 — Legal Considerations of AI for the Banking Industry
Moderated by Naeha Prakash, BPI Senior Vice President of Consumer Regulatory Affairs
- Brad Blower, Vice President of Consumer Practices Compliance, American Express
- Brian Kreiswirth, Executive Director and Assistant General Counsel, Responsible Banking and Data, JPMorgan Chase & Co.
- Ken Scott, Managing Director of Fair Lending, Citigroup Inc.
- David Stein, Counsel, Covington & Burling LLP
Panel #2 — Exploring the Pathways for Use of AI
Moderated by Greg Baer, BPI President & CEO
- Raj Date, Managing Director and Chair, Fenway Summer Ventures
- Makada Henry-Nickie, Fellow in Governance Studies, Brookings Institution
- Garry Reeder, Vice President of Innovation and Policy, Financial Health Network
- Kareem Saleh, Executive Vice President, ZestFinance