Regulation

Regulation
Biden Administration Weighs Requiring Cloud Companies to Disclose Heavy Users, Citing AI Threats
September 22, 2023

The White House is reportedly considering the implementation of a new policy that would require cloud computing companies to disclose certain information about their customers to the U.S. government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023

The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
Revolut Granted Permission to Delay Filing 2022 Accounts
September 19, 2023

British FinTech company Revolut has reportedly been granted permission to delay filing its 2022 accounts for the second consecutive year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Regulation
Prescription or Principle: A Framework for Designing AI Regulation
September 18, 2023

By Travis LeBlanc, Jonas Koponen, Anna Caro and Mari Dugas Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Regulation
IRS Boosts Safeguards on Tax Credit to Prevent PPP-Like Fraud
September 14, 2023

The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that happened around the Paycheck Protection Program (PPP). Get the Full Story Complete the form to unlock this...

Regulation
Connecticut Department of Banking Issues Guidance on Small Loan Rules
September 13, 2023

The Connecticut Department of Banking has issued new industry guidance regarding the Small Loan Lending and Related Activities Act. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Regulation
Standard Deviation? Private Rule-Making Under the EU AI Act
September 12, 2023

The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not limited to one industry or domain of use. The text is currently winding its way through the corridors of the...

Regulation
Tech Companies Point to Self-Regulatory Strategies Before Senate AI Hearings 
September 11, 2023

U.S. lawmakers are hitting the ground running on creating an artificial intelligence (AI) policy.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Regulation
China Could Ban iPhone Use for State Agencies and Companies
September 07, 2023

China is reportedly planning a wide-ranging ban on Apple iPhones for government workers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...