Community bankers ask US officials to provide more AI regulatory clarity
By Neil Roland ( June 22, 2026, 21:42 GMT | Insight) -- Community bankers asked US policymakers to provide more regulatory clarity on artificial intelligence to help the firms cope with fraud turbocharged by AI use, a US Federal Reserve Bank of Kansas City paper said. The paper released today said the "speed and complexity of fraud have increased, fueled by the use of AI. For example, fraudsters are using AI to create synthetic identities and counterfeit checks that are challenging for financial institutions to detect.” The paper synthesized the views of more than 100 community bankers at a conference last month.Community bankers asked US policymakers to provide more regulatory clarity on artificial intelligence to help the firms cope with fraud turbocharged by AI use, a US Federal Reserve Bank of Kansas City paper said....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.