All Technology articles – Page 4
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PremiumProposed CFPB rule would attempt to rein in data broker buying, selling
Data brokers have been getting away with selling Americans’ personal and financial data without adequate protections, an illegal practice that a new rule proposed by the Consumer Financial Protection Bureau will intend to stop, CFPB Director Rohit Chopra said.
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Ionic Digital announces legal chief
Ionic Digital announced the appointment of Laura Schnaidt to the role of chief legal officer.
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Congruex welcomes general counsel
Congruex, an end-to-end provider of digital network services, announced that Kathryn Ford has been appointed as the company’s general counsel.
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Wolfspeed names general counsel
Silicon carbide technologies provider Wolfspeed announced that Melissa Garrett has been appointed senior vice president and general counsel, effective Dec. 9.
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News BriefDOJ offers antitrust compliance guidance in ECCP update
The Department of Justice has added antitrust compliance guidance in an update to its Evaluation of Corporate Compliance Programs.
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News BriefDOJ recommends Google sell Chrome browser to break up monopoly
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
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News BriefFinal CFPB rule requires Big Tech pay apps to comply with bank rules
Big Tech digital payment apps will be subjected to increased oversight and requirements–similar to that of banks and credit unions–under a finalized rule by the Consumer Financial Protection Bureau.
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PremiumGood AI governance starts with proactive, continuous risk assessments
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
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News BriefEuropean Commission accuses Meta of anticompetive practices, issues $841M fine
Meta, the parent company of Facebook, has been fined nearly 798 million euros (U.S. $841 million) by the European Commission to resolve the agency’s long-running investigation into alleged “abusive practices” by Facebook Marketplace.
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News BriefFinCEN alerts financial institutions to be wary of AI-enabled deepfakes
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued an alert to financial institutions about their obligations to report deepfakes, warning artificial intelligence has given bad actors additional tools in their arsenal.
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Allegion names general counsel
Global security products and solutions provider Allegion reappointed Jeff Braun as senior vice president, general counsel and corporate secretary.
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News BriefFTC to monitor compliance at AI-enabled product review platform after misleading ratings
Artificial intelligence-enabled product review platform Sitejabber agreed to a 10-year compliance monitorship with the Federal Trade Commission following allegations that it inflated product ratings and misled the public.
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News BriefMeta discloses potential CFPB lawsuit following probe into advertising, disclosure practices
Meta disclosed in a public filing that an investigation by the Consumer Financial Protection Bureau related to financial product advertising on platforms Instagram and WhatsApp may lead to a lawsuit.
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PremiumMeta-backed EU appeals body facing conflicts of interest concerns
Ireland’s cozy relationship with big business and Big Tech has once again come under scrutiny after the country’s media regulator allowed a $15 million one-off funding payment from Meta’s Oversight Board Trust to help launch the newly formed Appeal Centre Europe.
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News BriefIrish DPC fines LinkedIn $335M over GDPR violations related to targeted advertising
The Irish Data Protection Commission fined Microsoft-owned LinkedIn 310 million euros (U.S. $335 million) over violations of the European Union’s General Data Protection Regulation related to the social media company’s data processing and targeted advertising.
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PremiumAI & Compliance Summit: Regs discuss artificial intelligence guardrails for financial services
Artificial intelligence is an exciting, new technology and it is well-regulated by old laws and rules already on the books, financial regulators said at Compliance Week’s AI & Compliance Summit at Boston University.
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PremiumHow to adopt AI tools the right way at your company, from people who’ve tried
Companies are adopting artificial intelligence tools at a breakneck pace, but it’s increasingly clear that they set guardrails early. AI leaders say that approaching the technology with safety and ethics in mind will help ensure its upside benefits, while avoiding the significant risks it poses as well.
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Nanit announces legal chief
Parenting tech company Nanit appointed Grace Fu as chief legal and administrative officer.
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CS Disco announces GC, compliance chief
DISCO, AI-enabled legal technology provider, announced that Susan Garcia has joined the company as general counsel and chief compliance officer.
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Coherent names legal, compliance chiefs
Coherent Corp, provider of materials, networking, and lasers, announced that it has appointed Rob Beard as the company’s new chief legal and global affairs officer, and corporate secretary. The company has also promoted Marie Batz Martin to chief compliance officer.