Political Quotes

On the recordDecember 4, 2023
Emerging technologies like artificial intelligence present new opportunities to make our financial system more secure, inclusive, and efficient.
Said by
Martin Foster
Democratic · Illinois

Editor's note · Context

Foster discusses the potential benefits and risks of AI in finance.

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In fact, last November, a cybersecurity breach of third-party service providers disrupted the operations of 60 credit unions across 40 States.

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As the ranking member pointed out, over 82 percent of Americans and 77 percent of Republicans support the mission of the CFPB.

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AIG was famously referred to, if I remember correctly, by the Republican Federal Reserve Chair, Ben Bernanke, as a, 'healthy and well-run insurance company with a hedge fund grafted onto it.'

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I take it that you are familiar with this graphic from Bloomberg that shows you lagging significantly behind your three predecessors in terms of the number of rules you finalized in the first 2 years of your tenure?

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