MBA Statement on President Donald Trump’s Executive Order on AI    

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on President Donald Trump’s executive order on artificial intelligence (AI):

“MBA welcomes President Trump’s executive order on AI and appreciates the Administration’s focus on establishing a clear, nationally consistent framework for emerging technologies.

“Technology does not stop at a state border. We believe strongly that a unified federal approach is necessary to avoid a confusing patchwork of state laws and regulations that would stifle innovation and raise compliance and borrower costs.

“For decades, MBA members have embraced evolving technologies — including early automated underwriting tools, advanced fraud detection systems, and modern data analytics — to improve the borrower experience and strengthen operational efficiency. AI represents the next phase of this long-standing commitment to innovation.

“We will work with policymakers on a legislative framework that builds on this executive order to provide durable guardrails, protect consumers, strengthen the mortgage system, and support a competitive marketplace. A clear federal framework will give lenders and technology partners the certainty needed to deploy AI safely and responsibly.”