CBA Welcomes Executive Order on Promoting Advanced Artificial Intelligence Innovation and Security

CBA Welcomes Executive Order on Promoting Advanced Artificial Intelligence Innovation and Security

WASHINGTON, D.C. – Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released the following statement in response to President Donald J. Trump signing an Executive Order on Promoting Advanced Artificial Intelligence Innovation and Security:

“On behalf of America’s leading Main Street banks, we welcome today’s Executive Order (EO) promoting advanced artificial intelligence (AI) innovation and security. As AI continues to transform industries across the economy, including financial services, clear leadership from the Administration is critical to fostering innovation while strengthening cybersecurity and protecting critical infrastructure.

“We are encouraged by the EO’s collaborative approach and its recognition of the important role advanced AI models can play in enhancing security and resilience. We look forward to working with the Treasury Department and other stakeholders on implementation to ensure these technologies are deployed in ways that strengthen the financial system, protect consumers, and support continued American innovation.”