Fed’s Barr Sees Banks Pushed to Adopt AI Faster by Fintech Firms
US Federal Reserve Governor Michael Barr said bank regulators will have to adjust their guardrails as competition from ...
American Banker3h
Fed's Barr: Banks should think through AI liability questions
In a speech Friday, Federal Reserve Gov. Michael Barr said the advent of generative artificial intelligence promises to boost ...
Banks, fintechs will likely compete and cooperate in gen-AI innovation, Fed's Barr says
Fintechs have a role to pay in accelerating responsible innovation at banks in the area of generative artificial intelligence ...
American Banker7d
Barr welcomes regulatory rethink but Fed needs to supervise
The Federal Reserve governor said it is healthy to examine the regulatory architecture, but stressed the importance of the ...
Fed’s Barr discusses AI and fintech role in banking
Barr mentioned that fintech companies are well-positioned to integrate Gen AI into their products and services. Banks, possessing valuable customer behavior data, can optimize Gen AI models. He argued ...
Trump nominates Federal Reserve Governor Bowman as vice chair for supervision
U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to the central bank's top regulatory post as ...
American Banker10d
Fed's Barr suggests lending protections for small businesses
A Federal Reserve governor has called for greater disclosure requirements on lending products that cater to small businesses. In a Monday afternoon speech, Gov. Michael Barr said small-business owners ...
Wall Street Journal25d
Undoing Michael Barr’s Damage
Photo: Allison Dinner/Shutterstock/Brandon Bell/Getty Images Michael Barr is no longer the Federal Reserve’s vice chair for supervision, but his regulatory mess lives on. The Trump ...