regulation News

US Regulators Push for Recall of 52 Million Air Bag Inflators

U.S. National Highway Traffic Safety Administration (NHTSA) officials on Oct. 5 told a public hearing that the government should require the recall of 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive because they may …

Judge Rules Against Consumer-Watchdog Anti-Discrimination Effort

A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle discriminatory banking practices, handing a win to financial industry groups that sued the regulator. The American Bankers Association, the U.S. …

Banking Industry Starts to Pick Its Battles Against New Capital Rules

Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit …

The New M&A Rules That Would Delay Million-Dollar Deals

The US antitrust agencies are requiring firms to turn over much more information about their transactions than before in an overhaul to merger rules that could delay deals by months. The revamp of the so-called Hart-Scott-Rodino filing process, a move …

FDIC Says Tougher Rules Coming for Banks Over $100B in Size

The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of stricter capital rules to banks with over $100 billion in assets. FDIC Chairman Martin Gruenberg said in a speech the …

US Beefs Up Campaign for Accurate Animal Welfare Claims on Meat, Poultry Packaging

The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing. The claims – such as “pasture-raised,” “humanely raised,” and “raised without antibiotics” – …

Governments Race to Regulate AI Tools

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: …

Washington Is Determined to Govern AI, but How?

U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington’s attention, consensus is far from certain. Interviews with a U.S. senator, congressional staffers, AI companies and interest groups show there are …

Antitrust Enforcers Are Chilling Big Mergers

The US government’s aggressive stance on antitrust is chilling merger activity among the country’s biggest companies, with some deals never making it past the boardroom as executives fear lengthy and expensive approval processes. US enforcers have roughly doubled their efforts …

EU Set for Tough Talks After Lawmakers Back Stricter Methane Rules

The European Parliament voted on Tuesday in favor of rules that would force companies selling oil and gas in Europe to cut their methane emissions, setting itself up for tough negotiations with EU countries seeking weaker limits on the potent …