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Proposed Legislation Trump Administration Consumer Protection Laws

White & Case LLP

AI Watch: Global regulatory tracker - United States - Update

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The US relies on existing federal laws and guidelines to regulate AI but aims to introduce AI legislation and a federal regulation authority. Until then, developers and deployers of AI systems will operate in an increasing...more

Troutman Pepper Locke

NYC Comptroller Requested Stronger Protections for New Yorkers Amidst Attenuated CFPB Authority

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New York City Comptroller Brad Lander released a report titled “Standing Up for New York Consumers – How New York State and New York City can Strengthen Consumer Financial Protection in the Trump Era,” which called for the...more

Goodwin

The Evolving Landscape of AI Regulation in Financial Services

Goodwin on

Artificial intelligence (AI) is increasingly woven into financial services operations, transforming everything from consumer interactions through chatbots and targeted marketing to essential functions like underwriting,...more

Holland & Knight LLP

U.S. House of Representatives Approves 70 Percent Cut to CFPB Funding

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The U.S. House of Representatives has passed an extensive budget reconciliation bill that would reduce the CFPB budget by 70 percent. In a 215-214 vote along party lines, the budget cut first approved by the House Committee...more

King & Spalding

AI Quarterly Update: Recent AI Legislation Efforts Signal Potential Challenges for State-Led Regulatory Approach

King & Spalding on

In Q1 of 2025, there have been significant regulatory and policy developments at the state, federal, and international level regarding artificial intelligence (“AI”). In Europe, the phased implementation of the European...more

Ballard Spahr LLP

Chairwoman Waters introduces bill to reverse Mulvaney actions

Ballard Spahr LLP on

House Financial Services Committee Chairwoman Maxine Waters has introduced the “Consumers First Act” (to be designated H.R. 1500), a modified version of a bill she introduced in the last session of Congress when Mr. Mulvaney...more

Vedder Price

Update: Regulatory Relief Passed by Congress

Vedder Price on

On May 22, 2018, the House of Representatives passed the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) (the “Consumer Protection Act”), which had been previously passed by the Senate. The...more

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