AI Risk, Regulation & the Future of Mortgage Banking
RegFi Podcast
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Navigating AI Legislation in the Mortgage Industry
This chapter explores the evolving landscape of state-level legislation aimed at regulating artificial intelligence, particularly within the mortgage industry. It highlights the surge in AI-related bills, Colorado's pioneering legislation, and the varying regulatory approaches adopted by states like New York and Utah. The discussion also emphasizes the need for transparency and explainability in AI decision-making, and the collaborative efforts among industry stakeholders to address these challenges.
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