Tiyanna D. Lords

Jul 30, 2024 | jdsupra.com | Tiyanna D. Lords

American Bar Association’s Business Law Today. - July 23, 2024On May 17, 2024, Colorado enacted SB 205, broadly regulating the use of high-risk artificial intelligence systems to protect consumers from unfavorable and unlawful differential treatment.

Jul 23, 2024 | businesslawtoday.org | Tiyanna D. Lords

On May 17, 2024, Colorado enacted SB 205, broadly regulating the use of high-risk artificial intelligence systems to protect consumers from unfavorable and unlawful differential treatment. The bill, which requires compliance on or after February 1, 2026, declares that both developers and users of high-risk artificial intelligence systems must comply with extensive monitoring and reporting requirements to demonstrate reasonable care has been taken to prevent algorithmic discrimination.

May 29, 2024 | mondaq.com | Kelly Lipinski |Tiyanna D. Lords |Kristi W. Richard

On May 6, 2024, Florida enacted SB 902, clearing the way for dealers to sell excess wear and use waivers on leases and vehicle value protection agreements. The bill, which will take effect on October 1, 2024, makes Florida one of the early state adopters of substantive requirements that allow for stand-alone vehicle value protection products, which may incentivize customers to return for their future vehicle needs.

May 28, 2024 | jdsupra.com | Kelly Lipinski |Tiyanna D. Lords |Kristi W. Richard

On May 6, 2024, Florida enacted SB 902, clearing the way for dealers to sell excess wear and use waivers on leases and vehicle value protection agreements. The bill, which will take effect on October 1, 2024, makes Florida one of the early state adopters of substantive requirements that allow for stand-alone vehicle value protection products, which may incentivize customers to return for their future vehicle needs.

May 14, 2024 | mondaq.com | Amy Greenwood-Field |Tiyanna D. Lords |Robert Savoie

In February 2019, the Pennsylvania Department of Banking and Securities (DoBS) issued public guidance on the applicability of the Money Transmitter Act (MTA) to virtual currency exchanges by means of a link entitled "Money Transmitter Guidance on Virtual Currency" on its Money Transmitter licensing page under the "Resources" heading. The MTA defines "money" as "currency or legal tender or any other product that is generally recognized as a medium of exchange." See Pa. Const. Stat. tit. 7 § 6101.