Machine learning has the potential to democratize access to credit. It can expand the pool of people qualified to obtain credit — most notably low- and moderate-income (LMI) borrowers — and decrease the cost of that credit. BPI will discuss the barriers and opportunities to AI and discuss how, through the deployment of innovative technology and complex machine-learning algorithms, banks are better able to measure a borrower’s true risk. The primary obstacle to the deployment of AI solutions? The need for regulatory clarity.
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 opening remarks by Congressman Bill Foster (D-IL), Chair of the House Task Force on Artificial Intelligence.
Registration is free and the event is being held as a widely-attended event in accordance with the Congressional gift rules.
Featuring Remarks by Congressman Bill Foster (D-IL), Chair of the Task Force on Artificial Intelligence
Panel #1 — Considering The Legal Implications of AI
Moderated by Naeha Prakash, Senior VP of Consumer Regulatory Affairs at BPI
Panel #2 — Solutions & Next Steps
Moderated by Greg Baer, BPI President & Chief Executive Office