Jennifer Huddleston, technology policy research fellow at the Cato Institute, told PYMNTS that regulators must take a careful approach as they examine artificial intelligence (AI). “We’ve seen a sudden advance in AI — and a sudden advance, too, in the conversations about policy surrounding artificial...
Proposed regulations for mergers and acquisitions could add months to the deals process. That’s according to antitrust lawyer Kara Kuritz, who spoke with Seeking Alpha on Sunday (July 9) about the Federal Trade Commission (FTC) and the Department of Justice’s (DOJ) proposed revisions to the...
Earned wage access providers are garnering more scrutiny — and more oversight — state by state. Missouri’s governor signed a bill that, among other things, will require providers to register with the state Division of Finance beginning in late August. The bill itself also mandates that providers are required...
The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage of loopholes that allowed them to avoid some requirements of the act, the White House said in a Friday (July...
New U.S. rules governing mergers could hit private equity firms harder than most companies. That’s according to a report Saturday (July 1) by the Financial Times, citing interviews with antitrust experts. These experts argue that proposed changes to the Hart-Scott-Rodino (HSR) form, which companies use to notify...
Artificial intelligence (AI) offers a new tool to genuinely help advance human learning and thought. We are the first generation in the history of humanity to create machines that can make decisions that previously could only be made by people. But government moves at a...
In Europe, the Payments Services Directive is getting a makeover. To that end, as announced on Wednesday (June 28), the European Commission has proposed a series of what it says would be “upgrades” to PSD2. And as has been widely reported, the changes will help...
European Union (EU) banks may soon have new rules around environmental and crypto risks. The proposed new banking rules have been agreed upon by negotiators from the European Parliament, Council and Commission and will next be voted on by the Economic and Monetary Affairs Committee...
The Securities and Exchange Commission (SEC) may set its sights on stablecoins and decentralized finance (DeFi). Such a move is “likely” after the regulator’s recent enforcement actions targeting players in the cryptocurrency industry, investment bank Berenberg said in a report published Tuesday (June 21) and emailed to PYMNTS. Having...
