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The Consumer Financial Protection Bureau (CFPB) recently issued an interpretive rule confirming that buy now, pay later (BNPL) lenders meet enough criteria to be considered credit card lenders under the Truth in Lending Act. The announcement comes more than two years since the…
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Sam Altman was on stage at Dreamforce 2023 when he was asked to name his favorite movie about artificial intelligence. It was a deceptively good question. As the cofounder and CEO of OpenAI, Altman was uniquely well-positioned to dictate the path that AI would take in the future, so…
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The owners of the popular Chinese-owned short video platform TikTok recently filed a lawsuit against the U.S. government to block a new law that would ban the app unless its parent company sells it to an American company before January 2025. The law in question landed on President Joe…
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The Biden Administration recently announced that the U.S. Drug Enforcement Administration (DEA) will move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act (CSA). The move comes just one and a half years after President Biden initially announced that he was urging the…
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The U.S. Transportation Department recently announced the finalization of two new rules that should make air travel slightly more pleasant ... or at least less aggressively unpleasant than it is today. The new rules are the latest in the Biden Administration’s work to lower consumer…
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You aren’t supposed to discriminate against people on the basis of race, age, gender, or sexual orientation. You really aren’t supposed to do it when you’re evaluating job candidates. There are a bunch of laws on the books that codify just how big a no-no that is, but that…
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There’s a new(ish) kind of investment vehicle driving up and down Wall Street. They’re sleek, modern, and designed to cruise right past the bothersome rules and requirements that normally apply to companies that want to go public. They’re called Special Purpose Acquisition Companies, but their friends call them SPACs. …
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A bipartisan group of legal experts is calling for Congress to update a 200-year-old set of laws collectively known as the Insurrection Act. According to Jack Goldsmith, a law professor at Harvard who focuses on Presidential power, current laws are "easily subject to abuse." Considering the violence that arose…
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Florida Governor Ron DeSantis signed a bill in March that will put wide-ranging restrictions on minors’ access to social media when it goes into effect next year. The freshly signed bill is the latest in a growing list of state-level attempts to restrict, regulate, or rein in social media…
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On March 21st the US Department of Justice (DoJ), fifteen states, and Washington, D.C. filed a sweeping antitrust lawsuit accusing Apple of unlawfully restricting and suppressing competition in the smartphone market. According to the complaint, Apple’s famously tight control over the iPhone and the iOS ecosystem may be less…
