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Join Us at the 2024 HR Legal Summit – Register Today!
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
CPPA’s Enforcement Update: New Regulations and Focus Areas
The California Privacy Protection Agency (“CPPA”) discussed at its July 16 meeting new enforcement focuses in addition to current goals. While the new focuses are largely in line with general trends, they also serve as a reminder that specific and nuanced compliance decisions can make a big difference.
As the CPPA has made clear in
BSA Filings and Their Utility to Law Enforcement: A Guest Blog
First in a Two-Part Series on the Utility of BSA Filings
Today we are very pleased to welcome guest blogger, Don Fort, who is the Director of Investigations at Kostelanetz LLP, and the past Chief of the Internal Revenue Service’s Criminal Investigation (CI) Division.
As Chief of IRS-CI from 2017 to 2020,
Witnesses Tell House Subcommittee That Regulators Risk Hampering Fintech-Bank Partnerships
Federal and state regulators risk stifling competition as they continue to develop a regulatory regime for fintech relationships with financial institutions, witnesses told a House subcommittee last week.
“We hope that Congress continues to monitor the regulatory agencies to assure that regulation or regulation through enforcement of these relationships and products doesn’t increase unnecessarily,” Steve
Federal Agencies Issue Final Automated Valuation Model Quality Control Rule
Federal banking regulators recently began adopting a final rule that requires, among other things, supervised mortgage originators and secondary market issuers to ensure that automated valuation models they use follow quality control standards, including a requirement that they comply with nondiscrimination laws. The final rule will be effective on the first day of the calendar
Final Section 1557 Rules: Highlights for Health Plan Sponsors
Summary
The U.S. Department of Health and Human Services (HHS) has issued final regulations on the nondiscrimination rules set forth in Section 1557 of the Affordable Care Act. The new rules apply to certain group health plans, as well as many health care providers.
The Upshot
- The nondiscrimination rules apply to employer-sponsored group health plans
Treasury issues request for information on use of AI in financial services
The U.S. Department of the Treasury (“Treasury”) has released a Request for Information on the Uses, Opportunities, and Risks of Artificial Intelligence (“AI”) in the Financial Services Sector (“RFI”). Written comments are due by August 12, 2024.
AI is a broad topic and the term is sometimes used indiscriminately; as the RFI suggests, most AI
Colorado Becomes the First State to Enact Broad Restrictions on Using High-Risk Artificial Intelligence Systems to Prevent Algorithmic Discrimination
On May 17, 2024, Colorado Governor Jared Polis signed into law SB 24-205, entitled Consumer Protections for Artificial Intelligence, which will become effective on February 1, 2026. The law applies to developers and deployers of high-risk AI systems doing business in Colorado.
Under the statute, “developer” means a person doing business in Colorado that develops
Colorado Passes AI Regulation
Colorado has become the first state to pass legislation (SB24-205) regulating the use of artificial intelligence (AI) within the United States. This legislation is designed to address the influence and implications, ethically, legally, and socially, of AI technology across various sectors.
Any person doing business in Colorado, including developers or deployers of high-risk