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Maydeen Merino is a regulatory reporter, covering the DOJ, FTC, SEC and EPA. She can be reached at [email protected].
Global tax services provider Ryan has already filed suit in a Texas federal court claiming this action exceeds the FTC's statutory authority.
The SEC said it will resume implementing the rule depending on the resolution of the legal challenges.
Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.
Federal leaders in the U.S. want AI safeguards akin to those being developed by the insurance industry.