U.S. lawmakers have proposed a bill that would make tech companies detect and remove any discriminatory biases found in their technologies. The Algorithmic Accountability Act of 2019 would give new power to the U.S. Federal Trade Commission (FTC), as well as require tech companies with...
Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes a 41-month prison sentence for a bitcoin trader, Starbucks mulling a bitcoin project, Barclays investing in an alternative lender, Discover naming a new chief executive...
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would also restrict the frequency of these charges on check payments. “It’s been well-documented for many years that banks have used...
January 30, 2023
Cannabis — an industry around which many digital tools have arisen — may benefit from new legislation. Seeking Alpha reported Monday (Jan. 30) that Sen. Cory Booker, D-N.J., believes broad marijuana legislation has good prospects in Congress, telling NJ.com that with the new Republican majority, it would be “harder but not impossible.” “The urgencies that […]
April 11, 2019
U.S. lawmakers have proposed a bill that would make tech companies detect and remove any discriminatory biases found in their technologies. The Algorithmic Accountability Act of 2019 would give new...
August 03, 2018
Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would also restrict the frequency of...
