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Orrick, Herrington & Sutcliffe LLP

CFPB nominee McKernan testifies at nomination hearing

On February 27, Jonathan McKernan, President Trump’s nominee for Director of the CFPB, testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Mr. McKernan stated in his prepared remarks that the...more

K&L Gates LLP

Financial Abuse and the Need for Better Financial Services Regulation

K&L Gates LLP on

In December 2024 the Parliamentary Joint Committee on Corporations and Financial Services (the Committee) published a Report following an inquiry into how well the existing financial services regulatory framework is...more

Blake, Cassels & Graydon LLP

Digital Policy Issues Face Uncertain Future After Prorogation of Parliament

On January 6, 2025, the federal parliamentary session ended when the Governor General of Canada accepted Prime Minister Justin Trudeau’s request to prorogue Parliament until March 24, 2025....more

Sheppard Mullin Richter & Hampton LLP

Amendments to NYDFS’ Cybersecurity Regulations Take Effect November 1

The New York Department of Financial Services has modified its cybersecurity requirements for regulated entities. These requirements are in addition to those included in the regulations as last updated in November of last...more

A&O Shearman

Zooming in on AI - #7: AI under financial regulations in the U.S., EU and U.K. - a comparative assessment of the current state of...

A&O Shearman on

This is the final note in a three-part series on the regulation of artificial intelligence in the financial services sector in the United States, the European Union and the United Kingdom. Our first note, we provided a...more

Faegre Drinker Biddle & Reath LLP

The UK Cyber Security and Resilience Bill

The UK government has recently announced that it plans to introduce a Cyber Security and Resilience Bill (Bill). The Bill seeks to update the 2018 Network and Information Security Regulations, which implemented the European...more

A&O Shearman

Zooming in on AI - #5: AI under financial regulations in the U.S., EU and U.K. – a comparative assessment of the current state of...

A&O Shearman on

Rapid and accelerating developments in artificial intelligence have prompted governments around the world to consider how AI should be regulated and used responsibly by businesses, without stifling innovation. This is...more

A&O Shearman

Zooming In on AI - #6: AI under financial regulations in the U.S., EU and U.K.

A&O Shearman on

Many governments are grappling with the question of how to regulate artificial intelligence to ensure it is adopted safely and used responsibly without hampering innovation. Governments have generally indicated similar...more

Jenner & Block

Client Alert: Buy Now, Pay Later: A Roadmap for Providers as Regulators Continue to Increase Scrutiny

Jenner & Block on

Point-of-sale financing arrangements payable in four or fewer interest-free installments, known as buy now, pay later (BNPL) arrangements, have soared since their initial breakthrough during the pandemic. Unlike conventional...more

Pillsbury Winthrop Shaw Pittman LLP

Congress Continues to Address AI in Bipartisan Fashion, Launching House AI Task Force as Latest Step

House leadership announced the launch of the Task Force on Artificial Intelligence (AI), a bipartisan group that will develop a report outlining AI regulatory priorities and setting guiding principles to help shape the AI...more

Goodwin

Generative AI and Financial Services: A Recent View From the UK Regulator

Goodwin on

In a recent speech, Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), set out the FCA’s latest views on the role of artificial intelligence (AI) in financial services. The speech highlights many benefits but also...more

Akin Gump Strauss Hauer & Feld LLP

What's New in Washington - November 2019

Congress returns to Washington this week after the Thanksgiving recess to find a feast of leftover legislative items still on the table. Congress has a limited number of days remaining on the 2019 legislative calendar to...more

American Conference Institute (ACI)

[Event] 3rd Annual Fintech & Emerging Payment Systems, April 30th - May 1st, New York, NY

The FinTech and payments industries are facing unprecedented growth, rapid technological advancements, and a flood of new entrants into the market. As the FinTech landscape continues to evolve with some uncertainty,...more

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