The Future We Make: Leveraging AI in Financial Services” contains four themes and nine key insights from the AI Symposium 2024. The goal of this report is to highlight some of the key messages, ideas, and examples that were discussed throughout the Symposium.

As federal policymakers struggle to address the nation’s growing shortage of affordable housing, a new report by FinRegLab analyzes the potential benefits of automating and updating federal insurance programs for manufactured home loans.

This report examines how modernizing federal insurance programs for manufactured home loans can expand affordable housing access. Modern manufactured housing is high quality, but financing for certain loan types is limited due to outdated processes and inconsistent rules. Recommendations include automating underwriting, harmonizing loan requirements, and improving data access to attract more lenders and support underserved communities.

Many years ago when I was in college I worked on a charter fishing boat for a summer. I learned a great deal over those months — how to tie a line and net a fish, how to cut bait and weigh an anchor, the different kinds of fish in the Chesapeake Bay, when they run and which ones have sharp teeth. But the two most important lessons I learned were, first, that I am not capable of earning a living through manual labor, and second, that confident obfuscation is a suitable alternative to expertise. Or, as the first mate who trained me put it, "If you can't dazzle them with brilliance, baffle them with [nonsense]."

The OpenAI CEO called for a federal testing framework for AI safety OpenAI Chief Executive Sam Altman gave President-elect Donald Trump advice on how to accelerate the artificial-intelligence revolution at the FinRegLab AI Symposium in Washington on Thursday.

Consumer Financial Protection Bureau Director Rohit Chopra said the shortcomings of the FICO credit-scoring model are becoming unacceptable and urged regulators and lenders to develop a new model based on artificial intelligence to replace it.

OpenAI Chief Executive Sam Altman gave President-elect Donald Trump advice on how to accelerate the artificial-intelligence revolution at the FinRegLab AI Symposium in Washington on Thursday.