President Biden’s recent Executive Order on Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence:
Establishes a federal government-wide effort to mitigate risks of improper AI development and use....more
12/21/2023
/ Artificial Intelligence ,
Biden Administration ,
Consumer Protection Laws ,
Cybersecurity ,
Data Privacy ,
Executive Orders ,
Financial Institutions ,
Financial Services Industry ,
Machine Learning ,
National Security ,
New Guidance ,
NIST ,
Personal Data ,
Reporting Requirements ,
Risk Mitigation ,
Securities and Exchange Commission (SEC)
Over the last six months, artificial intelligence (AI) has captured the public imagination in a way it never has before. A new generation of AI-powered language models make use of a deep learning architecture known as a...more
4/27/2023
/ Artificial Intelligence ,
Banking Sector ,
Broker-Dealer ,
CFTC ,
Cybersecurity ,
Due Diligence ,
ECOA ,
Federal Trade Commission (FTC) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Investment Adviser ,
Lending ,
Popular ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Software
At an open meeting on March 15, 2023, the U.S. Securities and Exchange Commission voted unanimously to propose rule amendments to Regulation S-P (Proposed Rule) and published an accompanying release (Release). The Proposed...more
4/18/2023
/ Cybersecurity ,
Data Breach ,
Financial Institutions ,
Fixing America’s Surface Transportation Act (FAST Act) ,
Gramm-Leach-Blilely Act ,
Investment Adviser ,
Investment Company Act of 1940 ,
Personal Information ,
Popular ,
Proposed Amendments ,
Recordkeeping Requirements ,
Regulation S-P ,
Risk Management ,
Safeguards Rule ,
Securities and Exchange Commission (SEC)
EU Parliament Adopts Amended Digital Services Act by a Wide Margin -
On January 21, 2022, the members of the EU Parliament approved by a large majority (77%) an amended draft of the Digital Services Act (“DSA”)....more
2/11/2022
/ Cloud Service Providers (CSPs) ,
Cybersecurity ,
Digital Service Providers ,
Digital Services ,
EU ,
Facial Recognition Technology ,
Financial Institutions ,
Google ,
Income Taxes ,
Internet ,
IRS ,
Online Platforms ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Tracking Systems ,
Unfair or Deceptive Trade Practices