The United States Consumer Financial Protection Bureau (CFPB) sued a lender owned by Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers to take out unaffordable mortgages to purchase homes from Clayton Homes, Berkshire’s manufactured housing business.
The media published information according to which the New York authorities are tightening financial scrutiny ahead of the January return of Donald Trump, who won the United States presidential election last month, to the White House.
In Australia, the Department of Industry, Science and Resources is starting work on a National AI Capability Plan.
Chinese state media reported that Beijing has launched an antitrust investigation against Nvidia, the world’s largest and most popular developer of graphics processing units, which are necessary for training and ensuring the process of subsequent operation of artificial intelligence systems.
Chinese regulators, including the China Securities Regulatory Commission (CSRC), have reportedly requested top global banks to expedite offshore listings for Chinese companies in Hong Kong in an effort to boost overseas fundraising and revive the economy.
In the United States, the Federal Trade Commission (FTC) has launched an antitrust investigation into Microsoft, which drilled all aspects of the technology giant’s activities, including, among others, business related to cloud computing, software licensing, functional solutions in the cybersecurity area and artificial intelligence products.
Australia on Thursday, November 28, passed a law banning social media for children under the age of 16 after an active and high-profile public resonance, which has become one of the most discussed topics in the country.
Japan’s Fair Trade Commission on Tuesday, November 26, conducted an on-site inspection of Amazon Japan on suspicion of violating antitrust laws, as reported by the media, citing an insider in the government of the Asian country.
Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.
South Korea has ordered Meta Platforms to pay a fine of 21.62 billion won ($15.67 million).
The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.
The United States Federal Trade Commission on Wednesday, October 9, said it would require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement an information security program to settle charges related to multiple data breaches recorded between 2014 and 2020.
A new appeals body Appeals Centre Europe has been established to review policy violation complaints related to major social media platforms such as Facebook, TikTok, and YouTube.
On Monday, October 7, a US judge ordered Google to overhaul its mobile app business to provide users of devices powered by the Android operating system with more options to download the mentioned digital products and pay for transactions within them.
Currently, in the United Kingdom, there is an increase in tension between banks and technology companies specializing in the implementation of activities in the social media area, in the context of the question of which party should be responsible for paying compensation to people who have become victims of fraudulent crimes in the Internet space.
The US state of Texas has sued TikTok, accusing this virtual platform of involvement in the practice of violating the system of norms on ensuring the privacy of children in the digital environment.
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