CFPB Fines Bank of America $250 Million Over Junk Fees
In the United States, the Consumer Financial Protection Bureau (CFPB) has imposed an obligation on Bank of America to pay more than $250 million in fines and damages to customers.
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China’s Web Watchdog Wants to License Generative AI Use
The media reports that the Chinese authorities are planning to unveil strict control measures over the use of generative artificial intelligence in the near future.
SVB Financial Sues to Recover $1.9 Billion From FDIC
The parent company of Silicon Valley Bank claims that the American banking supervisory authority owes it $1.9 billion.
Binance Faces Executive Exodus as DOJ Investigation Looms
The media reported that several Binance executives decided to resign due to concerns related to a possible investigation by the US Department of Justice.
EC Opens Investigation of Amazon’s Planned Acquisition of iRobot
The European Commission (EC) has announced the launch of an in-depth investigation into the expected acquisition of iRobot by the e-commerce giant Amazon.
NYC Cracks Down on AI Use in Hiring Decisions
New York became the first US city to introduce regulation of the possibilities of using artificial intelligence when hiring.
Federal Judge Blocks Biden Administration Officials From Communicating With Social Media Companies
A federal judge on Tuesday, July 4, announced the establishment of a ban on the interaction of some agencies of the Joe Biden administration and senior officials with companies that own social networks.
US to Curb China Access to Cloud Services
The United States is currently preparing to impose restrictions on access to cloud computing services against Chinese companies.
Apple Reportedly Aims to Take Epic Games Case to Supreme Court
The media reported on Apple’s intention to transfer its lawsuit with Epic Games to the US Supreme Court.
FTC Proposes Ban on Fake Reviews
The Federal Trade Commission (FTC) has taken the initiative to introduce a new rule that prohibits numerous forms of fake reviews on the Internet.
Australian Firm Facilitate Corp Sues Twitter
An Australian company that carries out project management activities has filed a lawsuit against Twitter in a US court.
Singapore Tells Crypto Platforms to Keep Client Money in Trust
In Singapore, local authorities intend to require cryptocurrency exchanges to implement the practice of storing client assets in trust management as part of their activities.
Netherlands to Restrict Chip Equipment Exports
The Netherlands reported on the decision to restrict the export of certain equipment that is necessary for the production of semiconductors, to China.
OpenAI Faces Class-Action Lawsuit: Reason Unveiled
The lawsuit against OpenAI, the maker of the popular chatbot ChatGPT, was filed in the United States District Court for the Northern District of California by Clarkson Law Firm on June 28
Apple Defies EU Over Antitrust Charges in Spotify Probe
Apple is preparing for a confrontation with European regulators.
Meta and OpenAI CEOs Back EU Artificial Intelligence Rules
The heads of Meta and OpenAI expressed support for European government initiatives that relate to the regulation of the process of development and dissemination of artificial intelligence.
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