By Neil Roland ( May 20, 2026, 20:37 GMT | Insight) -- US banks are using artificial intelligence to varying degrees to help measure the financial health of their vulnerable customers, though these firms still have to surmount a number of challenges to support innovation, said US Federal Reserve Governor Michael Barr, who was the Fed’s vice chair for supervision during the Biden administration. In a speech, he said AI has been “central to the acceleration recently” in measuring consumers’ financial health.US banks are using artificial intelligence to varying degrees to help measure the financial health of their vulnerable customers, though these firms still have to surmount a number of challenges to support innovation, US Federal Reserve Governor Michael Barr said Wednesday....
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