White House releases AI action plan

An artificial intelligence (AI) action plan released by the White House Wednesday identifies ways to address removing barriers for American leadership in AI. The action plan aligns with the president’s executive order addressing this issue.  

The plan identifies over 90 federal policy actions the administration plans to take in the coming weeks and months. The actions focus on three pillars: accelerating innovation, building American AI infrastructure, and leading in international diplomacy and security.  

"The White House’s AI Action Plan is a timely and strategic step toward ensuring America’s leadership in emerging technology—and credit unions are ready to be part of that future. AI is already helping credit unions improve member service through cybersecurity and fraud detection, operational efficiencies, and modern data management to better serve 144 million Americans,” said America’s Credit Unions President/CEO Jim Nussle. “A national framework that supports innovation, reduces regulatory friction, and promotes responsible AI adoption will empower credit unions to deliver greater financial inclusion and security for working families, small businesses, and the everyday Americans who count on Main Street to thrive. We look forward to continued engagement with the Administration and federal regulators like the NCUA to help credit unions harness AI’s full potential.”

America’s Credit Unions continues to ensure the industry has a seat at the table when important decisions regarding AI are made, especially when it comes to protecting credit unions and members from AI-related fraud.