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Tom Curry Quoted on Artificial Intelligence in the Banking Industry in Roll Call

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Tom Curry, a partner in Nutter’s Corporate and Transactions Department and a co-leader of the firm’s Banking and Financial Services group, discussed banks weighing in to federal bank regulators about potential pitfalls in the use of artificial intelligence and machine learning in making loan decisions in Roll Call. In the article, “As banks push AI, worry about worsening inequality follows,” Tom said that he is encouraged that several agencies are working together in gathering the information because it will help promote uniformity and clarity in how regulators approach these issues. “The fact they put out an RFI [request for information] as the vehicle for collecting this data importantly shows their desire to have a unified approach” when it comes to studying and understanding the issues surrounding AI and machine learning, Tom stated.

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