News & Analysis as of

Artificial Intelligence Policies and Procedures Discrimination

Rumberger | Kirk

FINRA Reminds Financial Firms How AI Use Poses Significant Risks

Rumberger | Kirk on

These days, artificial intelligence is everywhere we look, and the financial services industry is no different. As AI use increases, regulatory bodies are updating their rules and guidelines detailing how companies should and...more

A&O Shearman

Colorado’s AI anti-discrimination law

A&O Shearman on

On May 17, 2024, the Governor of Colorado, Jared Polis, signed Senate Bill 24-205, “Concerning Consumer Productions in Interactions with Artificial Intelligence Systems” (“AI Law”). The AI Law takes effect on and from...more

Foley & Lardner LLP

New York Department of Financial Services Issues New Guidance Concerning the Use of Artificial Intelligence in Insurance– What You...

Foley & Lardner LLP on

On July 11, 2024, the New York Department of Financial Services (DFS) issued Insurance Circular Letter No. 7 (2024) (Letter No. 7) adopting guidance regarding the use of artificial intelligence (AI) in underwriting and...more

Moore & Van Allen PLLC

Recent AI Laws and Regulation Updates

The legal landscape surrounding the creation, use and governance of artificial intelligence (AI) is rapidly changing and growing, imposing significant obligations on business and new rights for individuals. In recent months,...more

Sheppard Mullin Richter & Hampton LLP

Colorado Enacts Nation’s First AI Discrimination Law

On May 17, Colorado’s governor signed the nation’s first artificial intelligence law designed to prevent algorithmic discrimination. The law is slated to go into effect on February 1, 2026....more

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