{"id":181777,"date":"2026-01-26T14:31:00","date_gmt":"2026-01-26T19:31:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/01\/26\/michigans-financial-services-regulator-reminds-industry-of-best-ai-compliance-practices-orrick-herrington-sutcliffe-llp\/"},"modified":"2026-01-26T14:40:09","modified_gmt":"2026-01-26T19:40:09","slug":"michigans-financial-services-regulator-reminds-industry-of-best-ai-compliance-practices-orrick-herrington-sutcliffe-llp","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/01\/26\/michigans-financial-services-regulator-reminds-industry-of-best-ai-compliance-practices-orrick-herrington-sutcliffe-llp\/","title":{"rendered":"Michigan\u2019s financial services regulator reminds industry of best AI compliance practices | Orrick, Herrington &#038; Sutcliffe LLP"},"content":{"rendered":"<p><a href=\"https:\/\/www.jdsupra.com\/legalnews\/michigan-s-financial-services-regulator-1199319\/\">Michigan\u2019s financial services regulator reminds industry of best AI compliance practices | Orrick, Herrington &#038; Sutcliffe LLP<\/a><\/p>\n<p><a href=\"https:\/\/www.jdsupra.com\/legalnews\/michigan-s-financial-services-regulator-1199319\/\">https:\/\/www.jdsupra.com\/legalnews\/michigan-s-financial-services-regulator-1199319\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-01-26 14:31:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.jdsupra.com\">www.jdsupra.com<\/a><\/p>\n<ul>\n<li>On January 14, Michigan\u2019s Department of Insurance and Financial Services (DIFS) issued a bulletin emphasizing the requirement for financial service providers to comply with laws and regulations when using advanced analytical technologies, including AI systems.<\/li>\n<li>The bulletin outlined DIFS\u2019 expectations for governing the development, acquisition, and deployment of AI technologies, advising providers on potential information requests during investigations.<\/li>\n<li>DIFS referenced a Treasury report from December 2024 (&#8220;Artificial Intelligence in Financial Services&#8221;) as a useful source of guidance for financial service providers.<\/li>\n<li>The bulletin highlighted inherent risks associated with AI, including inaccuracy, unfair discrimination, data vulnerability, lack of transparency, and incapacity to map decision processes.<\/li>\n<li>To mitigate these risks, DIFS recommended that financial service providers adhere to risk and management standards and employ verification methods to identify errors and biases in AI models and systems.<\/li>\n<li>All financial service providers are mandated to develop, implement, and maintain a written AI systems program for responsible AI use; those not using AI systems should establish employee acceptable use policies.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michigan\u2019s financial services regulator reminds industry of best AI compliance practices | Orrick, Herrington &#038;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":181778,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/jdsupra-static.s3.amazonaws.com\/profile-images\/og.13091_35.jpg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-181777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/181777"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=181777"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/181777\/revisions"}],"predecessor-version":[{"id":181779,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/181777\/revisions\/181779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/181778"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=181777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=181777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=181777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}