The agency plans to issue an advance notice of proposed rulemaking dealing with efforts by fintechs and data aggregators to leverage a consumer's bank account information.
The bank is one of many to realize that artificial intelligence is only as good as the data fed into it.
The bureau's findings and request for information came after acting Director Mick Mulvaney had cited data security as a flaw at the agency.
Live Oak Bank, known for streamlining the lending process, has turned its attention to fixing its patchwork approach to cybersecurity.
