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 Modern manufactured housing is high quality, but financing for certain loan types is limited due to outdated processes and inconsistent rules.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.

Acting Comptroller of the Currency Michael Hsu warned against regulators giving banks or other financial firms too much leeway in exploring applications for artificial intelligence, saying instead that regulators and firms should "co-learn" about this emerging technology together.

House Republicans vying to chair the Financial Services Committee are ramping up their campaigns to win over key GOP powerbrokers. MM has a sneak peek at the pitches (and related apparel) from two top contenders, Reps. Andy Barr and French Hill, who are trying to tie their proposed agendas to President-elect Donald Trump.

This landscape paper details gaps in traditional systems that both make it difficult for millions of consumers to access financial services and for financial institutions to detect and protect against bad actors. The paper also summarizes emerging data and technological developments, concluding that more stakeholder engagement is critical as financial institutions make substantial investments to fight fraud and scams.

FinRegLab is assessing the potential value of conducting empirical tests and other research to analyze particular data and technology solutions for identity proofing and transaction monitoring to improve financial inclusion and combat bad actors.

FinRegLab co-hosted a convening with the Aspen Institute Financial Security Program for a level-setting conversation about challenges in identity proofing and transaction monitoring, their impacts for consumers’ financial access and stability, and emerging data and technology trends. Learn More