AI compliance for small RIAs, community banks, accounting firms, and lenders navigating SEC, OCC, and state financial regulator expectations.
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- Connecticut Now Expects a Written AI Governance Plan From Every Bank and Licensee It Examines. State Examiners Got Their AI Playbook Six Days Earlier.Executive Summary On September 22, 2026, the Connecticut Department of Banking told every Connecticut chartered institution and every entity it licenses or regulates that it expects an AI Governance Framework and a Written AI Governance Plan addressing seven named components, proportionate to each entity’s use of qualifying AI Systems, and that it plans to review…
- Illinois Just Made AI Underwriting a Disparate Impact Problem Again. The Deadline Is June 1, 2027.Executive Summary Illinois Public Act 104-0744, which the Act itself calls the Civil Rights Safeguard Act, makes it a civil rights violation for a financial institution to use “criteria or methods” that have the effect of subjecting people to unlawful discrimination, even with no intent to discriminate. Governor Pritzker approved it July 31, 2026. The…
- 63% of RIAs Use AI. 78% Have No Written Policy. What the SEC Now Expects in 2026Executive Summary The SEC Division of Examinations published its fiscal year 2026 priorities on November 17, 2025. Examiners will assess whether advisers have policies and procedures adequate to monitor and supervise their AI use, and will review the accuracy of what firms say about their AI capabilities. A Charles Schwab study published January 22, 2026…