Elizabeth Warren sent letters to the Federal Reserve, FDIC, and OCC asking them to rescind recent policy changes. She argues the new rules limit bank examiners from issuing supervisory warnings for cybersecurity risks. Warren stated that the updated standards make it difficult to quantify abnormal harm in the face of rapid AI developments. She warned that allowing vulnerabilities to fester could threaten financial data and system stability. The agencies have not yet responded to the request for comment.
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