regulation

Homeowners associations’ foreclosure filings on thousands of Coloradans’ houses over unpaid fines and fees have spurred fresh attempts by lawmakers to better regulate HOAs and metropolitan districts with the hope of preventing more people from losing their homes. Lawmakers have introduced several reform bills that would restrict foreclosures from delinquent fees and require HOAs and metro districts to adopt written policies, enhance notifications to homeowners and add licensing requirements for professional managers. The…

Indonesian tech firm GoTo will in 1.5 months be 100% compliant with the country's trade ministry regulation that bans in-app transactions on social media, its CEO said on Wednesday.Short video app TikTok, owned by Chinese company ByteDance, acquired in December majority shares in GoTo's e-commerce unit Tokopedia after the government banned transactions on its TikTok Shop e-commerce unit. It did not immediately respond to a request for comment.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

The US Supreme Court seems torn over whether to trigger a radical transformation of the internet. The nation’s highest court heard arguments Monday over state laws in Florida and Texas that restrict how platforms like Facebook and YouTube moderate speech. If the court lets them take effect, social media feeds could look very different, with platforms forced to carry unsavory or hateful content that today is blocked or removed.The high stakes gave long-standing questions about free speech and online regulation new urgency…

In September 2017, Singapore-based lawyer Pav Gill took a job at Wirecard, a high-flying German payments business worth tens of billions of euros. Not long after he started, he heard from a colleague that an executive at Wirecard Asia, the region Gill was responsible for, had allegedly been teaching staff how to trick auditors into thinking the firm had money it didn’t have.Gill quietly began an investigation, codenamed Project Phoenix. The results were damning: Wirecard had been fudging its numbers. But when the board of…

The chief of National Payments Corporation of India (NPCI), Dilip Asbe, on Friday emphasised that fintech founders cannot build a long-term business in the space without compliance.Asbe said there are no grey areas in Indian fintech.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk…

Artificial intelligence experts and industry executives, including one of the technology's trailblazers Yoshua Bengio, have signed an open letter calling for more regulation around the creation of deepfakes, citing potential risks to society. "Today, deepfakes often involve sexual imagery, fraud, or political disinformation. Since AI is progressing rapidly and making deepfakes much easier to create, safeguards are needed," the group said in the letter, which was put together by Andrew Critch, an AI researcher at UC…

The Federal Trade Commission (FTC) concluded Elon Musk ordered Twitter (now X) employees to take actions that would have violated an FTC consent decree regarding consumers’ data privacy and security. The investigation arose from the late 2022 episode informally known as “The Twitter Files,” where Musk ordered staff to let outside writers access internal documents from the company’s systems. However, the FTC says Twitter security veterans “took appropriate measures to protect consumers’ private information,” likely sparing…

Image Source : ARTIFICIAL INTELLIGENCE Artificial Intelligence The government on Tuesday said it is working on to unveil a draft regulatory framework for artificial intelligence (AI) by June-July this year, amid concerns over a rise in deepfakes and user harm associated with the new technology. While addressing a Nasscom event in New Delhi, Minister of State…

Policymakers and regulators across the world must think of regulating artificial intelligence (AI) in the next 5-10 years to prevent misuse of such tools in affecting nation states by politicizing the spread of information, said Mustafa Suleyman, cofounder, Inflection AI and DeepMind.“I think the negative consequences here are likely to arise simply because so many people with different organisational interests, different religious and political values will not only affect information but also the real world in practice.…

Annie Valentina Castanon knows the endless scroll of social media well — one short video on an app like Instagram or TikTok turns into another, she said, and soon a minute turns into hours. The quick rush from flashy entertainment gives way to anxiety as she worries about losing time that should have been spent on her Advanced Placement classes. And then depression sets in over the sense that she’s setting her future self up for failure. The senior at DSST: Montview High School in Denver has joined a push at the Colorado…