Virginia could be the second U.S. state to enact artificial intelligence (AI) regulations targeting high risk AI systems, after Colorado, according to the National Law Review. The Virginia State Senate recently passed the High-Risk Artificial Intelligence Developer and Deployer Act, which applies to AI systems...
The New York towns of Neversink and Denning have been approved as a Banking Development District (BDD), a designation that is meant to support access to affordable financial services. The approval was announced Wednesday (Feb. 5) by New York State Superintendent of Financial Services Adrienne A. Harris, the...
New York’s state financial watchdog launched a resource-sharing partnership with the Bank of England. The Transatlantic Regulatory Exchange (TRE) lets the New York Department of Financial Services (DFS) and other regulators exchange staff, allowing for greater sharing of expertise and resources, according to a Monday...
As California and New York race to regulate artificial intelligence (AI), a new study predicts the AI governance market will explode to $5.78 billion by 2029. With lawmakers grappling to balance innovation and safety, tech giants and startups are rushing to cash in on the...
September 25, 2024
As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Meanwhile, industry figures like Appian CEO Matt Calkins demand stronger IP protections, underscoring the challenges facing policymakers and businesses in the rapidly evolving AI landscape. European Tech […]
February 12, 2024
State by state, limit by limit, the age of credit card surcharges may be drawing to an end. And while much depends on various legal outcomes, it is, ultimately, consumer...
May 16, 2022
“We’re seeing financial services in places where we’ve not been not used to seeing financial services.” New York State Department of Financial Services Superintendent Adrienne Harris noted to Karen Webster in a recent...
August 11, 2020
For gig-economy companies, is it time to make way for the third way? As reported Monday, Uber CEO Dara Khosrowshahi wrote in a New York Times op/ed that gig-economy companies like his...
March 13, 2025
New York State Attorney General Letitia James announced a new bill designed to strengthen the state’s consumer protection law, saying the bill is needed at a time when the federal government is rolling back similar protections. The Fostering Affordability and Integrity through Reasonable Business Practices Act, or FAIR Business Practices Act, would combat a wide range of […]
February 05, 2025
The New York towns of Neversink and Denning have been approved as a Banking Development District (BDD), a designation that is meant to support access to affordable financial services. The approval...
January 13, 2025
New York’s state financial watchdog launched a resource-sharing partnership with the Bank of England. The Transatlantic Regulatory Exchange (TRE) lets the New York Department of Financial Services (DFS) and other...
July 11, 2024
Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday (July 11). Harris said this...
