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Supervisory Highlights: Advanced Technologies Special Edition, Issue 38 (Winter 2025)

Excerpt:  “There is no ‘advanced technology’ exception to Federal consumer financial laws. Financial institutions are under an obligation to comply with these laws when using advanced computational methods, including artificial intelligence and machine learning (AI/ML), the same as if they used more traditional methods. … This edition of Supervisory Highlights concerns select examinations of institutions that use credit scoring models, including models built with advanced technology commonly marketed as AI/ML technology, when making credit decisions.” (footnote omitted)