AIBanking Diveabout 5 hours ago
AI could trigger bank runs in seconds, lawmaker warns
1 min read
Rep. Bill Foster warned federal banking regulators that agentic AI could cause a bank run in seconds, not hours. Foster called for real-time regulatory dashboards, standardized reporting, and open source software to prevent AI-driven financial destabilization. The warning came during a June 4 House Financial Services Committee hearing.
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