On November 13, 2024, the Financial Crimes Enforcement Network (FinCEN) issued FIN-2024-Alert004 to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence (GenAI) in response to increased suspicious activity reporting. “Deepfake media” are a type of synthetic content that use artificial intelligence/machine learning to create realistic
On October 22, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued its final rule implementing Section 1033 of the Dodd-Frank Act (the “Final Rule” or the “Open Banking Rule”), granting consumers greater access rights to the data their financial institutions hold. Although there are some differences, the Final Rule largely tracks the Proposed Rule announced
The Bank Policy Institute (“BPI”) has issued its comment on the Federal Functional Regulators’ (the OCC, the Board of Governors of the Federal Reserve System, the FDIC, and the National Credit Union Administration) notice of proposed rulemaking (“NPRM”) to modernize financial institutions’ anti-money laundering and countering terrorist financing (“AML/CFT”) programs (“Comment”). The agencies’ NPRM, on
As part of a new enforcement initiative called “Operation AI Comply,” the FTC recently announced that it has brought the following five enforcement actions against businesses that use or sell AI tools in a manner that the FTC has alleged is deceptive and unfair:
The Utah Project on Antitrust and Consumer Protection is hosting a free conference open to the public on the future of consumer financial services law on October 11, 2024 from 8 am until 4 pm, MT.
The title of the conference is “From AI to Junk Fees to Public Health: The Future of Consumer Financial
September 19, 2024 | 8:00 AM – 4:30 PM
Are you an HR professional, employment attorney, or organizational leader? Don’t forget to register for one of the most anticipated events of the year—the 12th Annual HR Legal Summit. Co-sponsored by Ballard Spahr and SEPA SHRM, this must-attend summit will help you stay abreast of
September 19, 2024 | 8:00 AM – 4:30 PM
Are you an HR professional, employment attorney, or organizational leader? Don’t forget to register for one of the most anticipated events of the year—the 12th Annual HR Legal Summit. Co-sponsored by Ballard Spahr and SEPA SHRM, this must-attend summit will help you stay abreast of
Many financial services providers would be required to allow consumers seeking assistance to be connected to a “real person” by clicking on one button, under a new Biden Administration “Time is Money” initiative.
“Companies often deliberately design their business processes to be time-consuming or otherwise burdensome for consumers, in order to deter them from getting
In this month’s webcast, Greg Szewczyk of Ballard Spahr’s Privacy and Data Security group is joined by Paolo Sbuttoni, a partner at Foot Anstey who specializes in technology and data. We compare the AI regulatory landscape in the European Union, the United Kingdom, and the United States. We also provide insight on the scope
Please join us for the 12th Annual HR Legal Summit co-sponsored by Ballard Spahr and SEPA SHRM. This year’s HR Legal Summit will be held on Thursday, September 19, 2024 from 8:00 AM – 4:30 PM. The Summit is relevant for HR professionals, employment attorneys, and anyone who wants to ensure they remain current on legal