Today, Chamber of Progress filed comments with the U.S. Treasury Department discussing how AI has transformed the fintech industry and benefited consumers by increasing access to financial tools, delivering cost savings, and improving security in the digital marketplace. Chamber of Progress filed the comments in response to the Treasury Department’s recent Request for Information on the uses, opportunities, and risks of AI in the financial services industry.

“Artificial intelligence can make financial services safer, cheaper, and more accessible. When fintech shakes up Wall Street by offering new tools and better products, consumers win,” said Kyle Bligen, Director of Financial Policy at Chamber of Progress. “We applaud the Treasury Department for seeking public input on the best path forward for responsible regulation that promotes American technological leadership, spurs private sector innovation, and lowers costs for consumers.”

The Treasury Department’s Request for Information comes as other regulators scrutinize the opportunities and risks associated with AI deployment. Chamber of Progress has also submitted comments on AI’s applications in response to recent inquiries from the Department of Justice and the Federal Trade Commission.

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Chamber of Progress (progresschamber.org) is a center-left tech industry policy coalition promoting technology’s progressive future.  We work to ensure that all Americans benefit from technological leaps, and that the tech industry operates responsibly and fairly.  

Our corporate partners do not have a vote on or veto over our positions. We do not speak for individual partner companies and remain true to our stated principles even when our partners disagree.