As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Meanwhile, industry figures like Appian CEO Matt Calkins demand stronger IP protections, underscoring the challenges facing policymakers...
Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday (July 11). Harris said this in a press release announcing the DFS’s adoption of guidance for insurers that use AI...
Elon Musk says X could soon receive money transmitter licenses from New York and California. The license from California could come in the next month or so, while New York’s approval may be “a few months away,” said Musk, whose comments Wednesday (March 6) at the Morgan...
The New York State Department of Financial Services (DFS) said Wednesday (Feb. 28) that Gemini Trust Company has agreed to return at least $1.1 billion to customers of its Gemini Earn Program. The decision comes in response to Gemini’s failure to conduct due diligence, the DFS said in a...
September 25, 2024
As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance innovation and oversight. Meanwhile, industry figures like Appian CEO Matt Calkins demand stronger IP protections, underscoring the challenges facing policymakers and businesses in the rapidly evolving AI landscape. European Tech […]
February 12, 2024
State by state, limit by limit, the age of credit card surcharges may be drawing to an end. And while much depends on various legal outcomes, it is, ultimately, consumer...
May 16, 2022
“We’re seeing financial services in places where we’ve not been not used to seeing financial services.” New York State Department of Financial Services Superintendent Adrienne Harris noted to Karen Webster in a recent...
August 11, 2020
For gig-economy companies, is it time to make way for the third way? As reported Monday, Uber CEO Dara Khosrowshahi wrote in a New York Times op/ed that gig-economy companies like his...
July 11, 2024
Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday (July 11). Harris said this in a press release announcing the DFS’s adoption of guidance for insurers that use AI in underwriting and pricing. “New York has a strong track […]
March 07, 2024
Elon Musk says X could soon receive money transmitter licenses from New York and California. The license from California could come in the next month or so, while New York’s approval may...
February 28, 2024
The New York State Department of Financial Services (DFS) said Wednesday (Feb. 28) that Gemini Trust Company has agreed to return at least $1.1 billion to customers of its Gemini Earn Program. The decision...
January 30, 2024
New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor alleged that the banking giant...
