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Recent developments in Supreme Court jurisprudence pose a stiff challenge to the FTC’s Noncompete Ban (the “Noncompete Ban”). Specifically, the United States Supreme Court’s decision in Loper Bright Enterprises v. Raimondo (“Loper”) and a federal injunction from a...

On March 13, 2024, Utah passed a groundbreaking law—the Utah Artificial Intelligence Policy Act (“UAIP”)—that imposes new disclosure obligations on businesses utilizing generative AI. This includes mandatory disclosures when interacting with customers, but that’s not...

The Corporate Transparency Act (the “CTA”) went into effect on January 1, 2024, and requires “reporting companies” in the United States to disclose certain types of information about their “beneficial owners” (“BOI Report(s)”) to the Treasury Department’s Financial...

On February 13, 2024, the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Treasury took a decisive step toward expanding the compliance obligations of certain types of investment advisers. By withdrawing its 2015 proposal and introducing a new set of...

We wish to inform you about a significant regulatory development that could reshape the fintech landscape. The Consumer Financial Protection Bureau (“CFPB”) recently proposed the Personal Financial Data Rights (the “Proposed Rule”) rule with the intention of making...

As we start the new year, it’s an opportune moment to look back on the rollercoaster year that was 2023. This year, globally, we’ve witnessed a mosaic of domestic and global challenges that have fueled economic, legal, social, and political uncertainties for many,...