California is positioning itself to fill the regulatory space left by Washington’s retreat from consumer financial oversight, with former Consumer Financial Protection Bureau Director Rohit Chopra bringing his enforcement philosophy to the nation’s largest state economy. Nearly two months into Chopra’s leadership of California’s Business...
Texas businesses using artificial intelligence to set compensation or select employees for layoffs could face greater scrutiny if Democratic attorney general nominee Nathan Johnson wins in November. The state senator’s proposal targets two gaps in Texas’ existing AI framework: tools used to manipulate wage bargaining...
Picture a hotel handing its private pricing data to a computer program, while the hotel across the street is feeding its own numbers into that same program. That is the scenario at the heart of a lawsuit against several Atlantic City casino hotels, and a...
The Office of the Comptroller of the Currency’s charter-granting activity doesn’t just show that a new rash of financial services firms are successfully becoming banks or bank-like institutions. The applications, viewed collectively, also show what the 21st century financial sector thinks a bank charter should...
Prediction market Kalshi reportedly wants federal regulators to delay products from rival Cboe Global Markets. That’s according to a report Tuesday (Aug. 25) from Bloomberg News, which calls this the latest example of the growing friction between prediction markets and incumbent financial exchanges. The report said Kalshi wrote this month...
Watch more: TechReg Talks With Marcela Mattiuzzo of VMCA Advogados The defining antitrust question of the artificial intelligence era may be less about how aggressively regulators intervene than how long they can afford to wait. And Marcela Mattiuzzo, partner at VMCA Advogados, told Competition Policy International (CPI), a...
Few forecasts have been as cloudy as the fate of the Clarity Act in Congress. Passed by the House more than a year ago, the crypto market structure legislation has been hung up in the Senate by bipartisan concerns over President Donald Trump and his...
The Federal Trade Commission is considering an enforcement policy that would put businesses on notice that using personal data to set individualized prices without adequate disclosure could violate federal consumer protection law. The proposed policy statement targets what is sometimes called “surveillance pricing”: using information...
U.S. banking regulators are racing the clock to complete a new federal rulebook for payment stablecoins before the GENIUS Act takes effect in January. The Office of the Comptroller of the Currency (OCC) is now targeting November for its final regulations. Comptroller of the Currency...