To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.
On November 13, North Carolina Attorney General (AG) Jeff Jackson and Utah AG Derek Brown, along with the Attorney General Alliance, announced a task force in conjunction with generative artificial intelligence (AI) developers, including OpenAI and Microsoft, to identify and develop consumer safeguards within AI systems as these technologies continue to rapidly proliferate.…
Troutman Pepper Locke is proud to sponsor the Government Investigations & Civil Litigation Institute’s 11th Annual Meeting in Santa Ana Pueblo, New Mexico. Ashley Taylor will be moderating the “Navigating State Jurisdictional Waters: State Attorneys General and Their Reach” session, Ghillaine Reid will be a panelist on the “AI Ethics: Guardrails and Grey Areas in…
Key point: All businesses struggle with cybersecurity risks presented by their service providers. New guidance from the NY DFS applies to all DFS regulated entities, but the guidance would assist any business in any industry in addressing these risks.
On October 21, 2025, the New York Department of Financial Services (the “DFS”) issued important guidance…
The explosive growth of artificial intelligence (AI) is transforming U.S. data center construction, creating new opportunities and challenges across the construction, energy, and technology sectors. Demand for digital infrastructure is surging, requiring massive amounts of energy, larger facilities, and driving record-breaking competition amid resource constraints.[1]…
On September 29, 2025, California Governor Gavin Newsom signed Senate Bill 53, the Transparency in Frontier Artificial Intelligence Act, into law. The bill will go into effect on January 1, 2026. The act builds upon the recommendations found in the “California Report on Frontier AI Policy,” which was released to the public…
Troutman Pepper Locke’s Securities Investigations + Enforcement Practice
Troutman Pepper Locke’s Securities Investigations and Enforcement team counsels and defends clients through all stages of securities enforcement proceedings. Our attorneys have served in key government agencies and regulatory bodies, and bring their insight to bear in each representation. The team includes a former branch chief of…