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Election rules aimed to curb AI misuse may serve as regulatory warning for all advertisers

2024-11-04T14:28:00+00:00By

With the presidential election this week, one fear has remained on the minds of voters regardless of their political stripe—that artificial intelligence (AI) will be misused to change the outcome of the race.

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Meta-backed EU appeals body facing conflicts of interest concerns

2024-11-01T19:00:00+00:00By

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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U.K. Employment Rights Bill triggers debate over flexibility vs. exploitation

2024-10-30T19:25:00+00:00By

Contract workers’ rights are in the spotlight in the U.K. and some EU countries as governments seek to end exploitative practices by eliminating zero-hours contracts, much to the chagrin of some business leaders.

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Goldman and Apple pay $89M over alleged Apple Card consumer violations

2024-10-24T17:54:00+01:00By

Apple and Goldman Sachs have agreed to pay $89 million for alleged gross customer service failures related to Apple Card, the Consumer Financial Protection Bureau said.

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Unisys, three other firms fined a combined $7M for underplaying damage from SolarWinds hack

2024-10-23T15:51:00+01:00By

Four current or former public companies will pay a total of nearly $7 million in fines to settle charges by the Securities and Exchange Commission that they underplayed or failed to disclose material information about how the SolarWinds Orion hack affected them.

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New CFPB data rights rule will modernize U.S. banking system, Chopra says

2024-10-23T15:45:00+01:00By

Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the Consumer Financial Protection Bureau.

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Precision Toxicology to pay $27 million to settle allegations of unnecessary drug testing

2024-10-22T21:18:00+01:00By

Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.

ESG

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WisdomTree pays $4M SEC fine for including fossil fuel, tobacco securities in ESG funds

2024-10-22T16:08:00+01:00By

Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.

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DOJ proposes rule that would block sale of Americans’ personal data to Chinese, Russian firms

2024-10-22T14:37:00+01:00By

The Department of Justice (DOJ) has proposed a new rule that would regulate the use of Americans’ personal information by foreign companies and foreign persons in six “countries of concern,” prohibiting and restricting the sale of data to thwart the use of data for cyber-enabled activities, espionage, coercion, influence and ...

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Keys to a successful GenAI use policy: Clear roles, training, vendor management

2024-10-18T12:00:00+01:00By

For all the hype surrounding generative artificial intelligence, the technology has been met with a healthy skepticism in the compliance community. Compliance practitioners want to know: Is it safe? Can it be deployed ethically? Are the risks greater than the rewards? And what should an AI acceptable use policy contain?

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