A pair of laws governing artificial intelligence and data privacy will take effect in Connecticut Thursday (Oct. 1), introducing a new compliance regime for businesses operating in the state. The Connecticut Artificial Intelligence Responsibility and Transparency, or CART, Act requires new AI subscription disclosures, protections for...
A federal appeals court has dealt prediction markets another setback, ruling that sports event contracts offered by Kalshi are not federally regulated “swaps” and that states remain free to enforce their gambling laws against the platform. The unanimous U.S. Court of Appeals for the Sixth...
A court rejected Trump administration attempts to withhold funding from the Consumer Financial Protection Bureau, Bloomberg Law reported Monday (Sept. 28). The ruling came in a case filed in December 2025 by more than 20 Democratic state attorneys general, according to the report. The CFPB...
The Securities and Exchange Commission is calling on the financial industry to take care in valuing private assets, including private credit, according to a Monday (Sept. 28) statement. “Statement on Fair Value Measurement and Disclosure Considerations for Private Assets” was made by SEC Chief Accountant...
The Federal Reserve plans to raise the asset thresholds for stricter oversight of big banks, Reuters reported Friday (Sept. 25), citing unnamed sources. The Fed is considering lifting the lower threshold for some requirements from the current $100 billion in assets to around $150 billion, and the highest threshold from the...
The Justice Department seized bank accounts of Montana-based payments business Capstone, alleging that the company was unlicensed, misrepresented its business to U.S. banks and may have made payments on behalf of two unnamed cryptocurrency firms, the Financial Times reported Friday (Sept. 25). The FT reported,...
The European Union’s securities regulator plans to make artificial intelligence and tokenization a supervisory priority starting in 2027, signaling a broader regulatory focus on how emerging technologies are being used across financial services. The European Securities and Markets Authority (ESMA) said it will work with...
A U.S. District Court ruled Tuesday (Sept. 22) that federal credit unions cannot be forced to comply with the Illinois Interchange Fee Prohibition Act (IFPA), according to a Tuesday press release issued by the co-plaintiffs in a lawsuit challenging the law. The order extended to federal credit...
State financial regulators are beginning to define what artificial intelligence oversight looks like inside banks and FinTech companies, even without a comprehensive federal rule governing the technology’s use across financial services. The Conference of State Bank Supervisors (CSBS) released an AI supervisory framework for examiners...