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CFPB RIN: 3170-AB03 Publication ID: Spring 2020 
Title: ●Artificial Intelligence 

Congress tasked the Bureau with ensuring that markets for consumer financial products and services operate transparently and efficiently to facilitate access and innovation.  One area of innovation we are monitoring is use of artificial intelligence (AI), including a subset of AI, machine learning (ML).  Issues concerning use of AI and how it may apply in the context of the Bureau’s consumer financial services statutes and regulations were raised in response to the Bureau’s 2017 Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process, the Bureau’s 2018 Calls for Evidence, and in other outreach since then.  As the Bureau continues to monitor developments concerning AI, the Bureau will evaluate whether rulemaking, a policy statement, or other Bureau action may be appropriate.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Action Date FR Cite
Request for Information  02/27/2017  82 FR 11183   
Next Action Undetermined  To Be Determined 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Kathryn Lazarev
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700