OCC's Hsu Floats Splitting Refund Costs For AI-Enabled Fraud

Sat Apr 6 05:02:10 PDT 2024

OCC's Hsu Floats Splitting Refund Costs For AI-Enabled Fraud
<https://www.law360.com/fintech/articles/1821211?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-04-05&read_main=1&nlsidx=0&nlaidx=0>

By Jon Hill

Requiring banks and artificial intelligence platforms to share financial
responsibility for reimbursing victims of AI-enabled payment fraud could
help incentivize better anti-fraud controls, the Office of the Comptroller
of the Currency's acting chief said Thursday.

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