FHFA names chief artificial intelligence officer

The Federal Housing Finance Agency named Tracy Stephan chief artificial intelligence officer to oversee AI developments in line with federal directives to that end, making the FHFA one of the first government organizations to do so.

The appointment follows a late March Office of Management and Budget memo calling on agencies to name CAIOs within 60 days and a Biden administration executive order from October aimed at "advancing a coordinated, federal government-wide approach" to policy in this area.

"Establishing a chief AI officer underscores FHFA's commitment to understanding new developments in technology and the marketplace and incorporating those insights into our day-to-day work," said Director Sandra Thompson.

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At FHFA, Stephan also will remain in her role as supervisor in the Office of Financial Technology, which has recently undergone some changes in staffing. Previous to joining the agency, she was a vice president of technology, head of innovation and innovation and product management at Fannie Mae, one of the government-sponsored enterprises FHFA oversees.

The agency also recently promoted Anne Marie Pippin, who previously held a position involving financial technology, governance and strategic initiatives within the division of conservatorship oversight and readiness, to deputy director of the DCOR.

Leah Price, a former vice president who worked with the lending ecosystem at Figure between April 2022 and August 2023, became a financial technology and innovation specialist at FHFA.

Jason Cave, the DCOR's previous deputy director, recently left the agency and became a strategic advisor for regulatory and external relations at R&T Deposit Solutions. R&T provides technology-related services around liquidity management, deposit funding and securities-based lending.