A coalition of civil rights, labor, consumer advocacy and technology accountability organizations is urging the U.S. Senate to remove provisions establishing federal AI regulatory sandboxes from the proposed CLARITY Act. The request opens a new front in the debate over how lawmakers should govern artificial...
The Consumer Financial Protection Bureau (CFPB) plans to reconsider a final rule on personal financial data rights that became effective in January 2025, according to a rulemaking update posted in a pending regulatory review notice by the Office of Information and Regulatory Affairs. Get the...
Alaska has joined a growing wave of states modernizing their money transmission laws to bring virtual currency businesses more squarely within existing financial regulatory frameworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The United Kingdom’s Competition Appeal Tribunal rejected Google’s bid to block a class action lawsuit brought by advertisers alleging that the company abused its position in mobile operating systems, app distribution, search and search advertising to overcharge advertisers and exclude competitors. Get the Full Story...
Colorado has significantly narrowed what was poised to become the nation’s first comprehensive artificial intelligence governance law, replacing a sweeping compliance regime with a more targeted framework centered on transparency, consumer rights and disclosure requirements. At the same time, a recent Federal Trade Commission policy...
Federal and state regulators are expanding their scrutiny of digital business practices by treating privacy violations and deceptive consumer practices as part of the same enforcement framework. The trend that could have implications for companies handling sensitive personal data well beyond the healthcare sector. Get...
Twenty-five states filed a lawsuit Monday (Aug. 3) asking the U.S. Court of International Trade to declare the Trump administration’s latest tariffs illegal, the Office of the New York State Attorney General said in a Monday press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Four U.S. regulators have reached separate agreements with UBS Financial Services in which the company will pay a total of $125 million to settle violations of Bank Secrecy Act (BSA) anti-money laundering (AML) and countering the financing of terrorism (CFT) rules. Get the Full Story...
The Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) have each proposed raising the thresholds of credit that banks can extend to insiders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
