Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities
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Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16, 2023.
The Federal Reserve's top banking regulator expressed caution Tuesday about the impact that artificial intelligence can have on…