In an effort led by industry experts and nearly 1,000 stakeholders, the European Union introduced the first draft of the General-Purpose AI (GPAI) Code of Practice (the Code), an important addition to its regulatory framework...more
Background on Open Banking and the CFPB -
The Consumer Financial Protection Bureau (CFPB) recently finalized a rule on personal financial data rights (Rule), implementing Section 1033 of the Consumer Financial Protection Act...more
11/20/2024
/ Banking Sector ,
Competition ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Data Rights ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
New Rules ,
Open Banking ,
Popular ,
Proposed Regulation ,
Regulatory Requirements ,
Technology
The Texas Data Protection and Security Act (TDPSA) goes into effect on Monday, July 1, 2024. Eliminating any speculation that this omnibus consumer privacy law might sit on the cupboard shelf, unenforced, the Texas attorney...more
The Consumer Financial Protection Bureau (CFPB) announced that it was issuing a Notice of Proposed Rulemaking regarding Personal Financial Data Rights on October 19, 2023. The proposed rule (Proposed Rule) would implement...more
3/20/2024
/ Banking Sector ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
EFTA ,
Fair Credit Reporting Act (FCRA) ,
Federal Industry Standards ,
Financial Regulatory Reform ,
Financial Services Industry ,
Gramm-Leach-Blilely Act ,
Notice of Proposed Rulemaking (NOPR) ,
Open Banking ,
Personal Finances ,
Proposed Rules ,
Regulatory Requirements ,
Technology
The recent dramatic growth of artificial intelligence (AI) technologies continues to be a focus of the Biden administration. The National Telecommunications and Information Administration (NTIA), a federal agency within the...more
4/25/2023
/ Artificial Intelligence ,
Biden Administration ,
Comment Period ,
Privacy Laws ,
Regulatory Agenda ,
Regulatory Oversight ,
Risk Assessment ,
Risk Management ,
Technology Sector ,
Telecommunications ,
U.S. Commerce Department