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July

23
2024
Industry News

Highlights from the CFPB’s Spring 2024 Semi-Annual Regulatory Agenda

The Consumer Financial Protection Bureau (CFPB or Bureau) recently released its semi-annual regulatory agenda, outlining its planned rulemaking initiatives. The CFPB releases regulatory agendas twice a year in voluntary conjunction with a broader initiative led by the Office of Budget and Management to publish a Unified Agenda of Regulatory and Deregulatory actions across the federal government.

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July

23
2024
Industry News

Keystone State Tweaks its Data Breach Notification Law Again

In what may become an annual tradition, Pennsylvania has amended its breach notification law. The new provisions will take effect on September 26, 2024. As a reminder, Pennsylvania changed its law last year to expand the definition of “personal information” and to create exemptions for HIPAA-regulated entities.

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July

23
2024
Industry News

FTC, DOJ, and International Enforcers Issue Joint Statement on AI Competition Issues

FTC Chair Lina M. Khan, alongside international antitrust enforcers and the Department of Justice, Antitrust Division, issued a statement affirming a commitment to protecting competition across the artificial intelligence (AI) ecosystem to ensure effective competition that provides fair and honest treatment for both consumers and businesses.

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July

23
2024
Trends

Proposals to Ease Capital Standards for New Banks Could Lead to More Failures, CRS Says

In a recent report, the Congressional Research Service stated that capital formation remains the largest obstacle hampering the formation of de novo banks, but regulatory and legislative changes that have been proposed could risk an increase in bank failures

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July

22
2024
Industry News

The State AG Report – 7.18.2024

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US.

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