New York state introduced legislation to provide oversight to the pay later sector. The legislation, part of Gov. Kathy Hochul’s new budget, is one of several new measures designed to bolster consumer protection, according to a Friday (May 9) press release. “This budget is all...
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...
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...
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...
May 14, 2025
New York Attorney General Letitia James sued Capital One Wednesday (May 14), alleging the bank misled its customers about the existence of a savings account that provided higher interest. The lawsuit’s allegations are similar to those made by the Consumer Financial Protection Bureau (CFPB) in a case the agency later dropped after a change in […]
May 12, 2025
New York state introduced legislation to provide oversight to the pay later sector. The legislation, part of Gov. Kathy Hochul’s new budget, is one of several new measures designed to...
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...
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...
