Industry leaders and government officials will collaborate in a new AI oversight group. The Department of the Treasury announced the Artificial Intelligence Executive Oversight Group (AIEOG), part of…
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Treasury Department Releases New Resources to Guide Financial Sector AI Use
New tools are intended to standardize artificial intelligence governance and oversight across financial institutions. The U.S. Department of the Treasury released two resources to guide the use of…
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“Trump Accounts” Propose Long-Term Savings for U.S Children
The plan includes government seed deposits, parent and employer contributions, and stock-based investments. The Council of Economic Advisers has outlined a proposal under the One, Big, Beautiful Bill…
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SBA Orders Lenders to End Debanking Practices
The administration sent letters to ensure institutions cease politicized denials of service. The Small Business Administration (SBA) sent letters to over 5,000 lenders last week directing them to…
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State Department Implements Family-Friendly Hiring Exemption
The new policy is intended to support embassy staffing and family unity without expanding the federal workforce. The U.S. State Department has introduced an exemption to the federal…
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Treasury Sanctions 30 Iranian Entities Engaged in “Shadow Banking”
The department stated the individuals and companies work to finance nuclear missile programs The Treasury Department’s Office of Foreign Assets Control (OFAC) recently sanctioned 30 more entities that…
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State Department Imposes More Sanctions in Iran as Nuclear Talks Proceed
Secretary Rubio says the move is necessary to curb the country’s oil profits and sanctions evasion tactics. The State Department announced new sanctions against Iran last week in…
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Federal Judge Finds Apple in Violation of Court Order
She moves to hold Apple in contempt for maintaining exclusive in-app transactions. District Judge Yvonne Gonzalez Rogers held Apple in contempt last week, ruling that the company had…
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SEC to Host Crypto Custody Roundtable on Regulatory Integration
The event will explore legal and operational challenges in safeguarding digital assets. The U.S. Securities and Exchange Commission (SEC) will hold a public roundtable titled “Know Your Custodian:…
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FTC Announces Settlement with Cash Advance Company
The lender falsely promised instant cash advances while charging higher than disclosed fees. The Federal Trade Commission (FTC) announced that an online cash advance company, Cleo AI, has…
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