Search Results for: financial regulations

The US Department of Education (DOE) announced Friday that New York state has violated federal civil rights law by banning Native American school mascots while permitting mascots derived from other ethnic groups. This comes after the DOE launched an investigation into the state’s mascot controversy last month. The investigation was launched after The Native American [...]

The US Supreme Court split evenly Thursday over a challenge to the attempted establishment of the country’s first religious charter school, leaving in place a ruling from the Oklahoma Supreme Court that found the proposed Catholic charter school unconstitutional. The US Supreme Court’s opinion did not explain its ruling. Justice Amy Coney Barrett recused herself [...]

Reporters Without Borders (RSF) urged Philippine lawmakers on Tuesday to undertake reforms to address the precarious situation for journalism in the country. Despite improvements to the freedom of the press in past years, the country still ranks poorly at 116th out of 180 countries tracked by RSF. In its statement, RSF noted that economic fragility, [...]

A recent California appellate decision has thrown into doubt one of the most fundamental principles of corporate law: that shareholders, even when passive, have legal rights that are enforceable and protected. By denying recovery to a publicly held company defrauded by its own CEO—and by treating that CEO’s fraud as the company’s own—the court effectively [...]

Finance Minister Rachel Reeves on Tuesday announced the UK’s plans to pass legislation to properly regulate crypto-assets. As of August 2024, research released by the Financial Conduct Authority (FCA) estimated that 12 percent of the UK population, which comes up to approximately 7 million adults, own crypto-assets, signifying growing interest in the field. In place [...]

The United Kingdom’s approach to artificial intelligence (AI) regulation embodies a balance between fostering innovation and adhering to the fundamental principles of the rule of law. The UK has recognized the importance of creating an environment conducive to technological advancement while ensuring that AI systems are governed in a way that is ethical, transparent, and [...]

The International Bar Association’s Human Rights Institute (IBAHRI) on Thursday expressed concern over Peru’s decision to enhance the scope and powers of its Peruvian Agency for International Cooperation (APCI), which will impact the activities of non-governmental organizations (NGOs). The IBAHRI warned that the recent amendments to the APCI “risk the possibility of arbitrary and politically [...]

A federal judge in Texas vacated a Consumer Financial Protection Bureau (CFPB) regulation on Tuesday. The ruling by Judge Mark Pittman, a federal district court judge for the Northern District of Texas, removes many previous caps from credit card late fees. This comes amid a flurry of court decisions involving the CFPB, as the Trump [...]

A three-judge panel for the District of Columbia Court of Appeals temporarily stayed Thursday a lower court order blocking firings at the Consumer Financial Protection Bureau (CFPB), part of President Donald Trump’s push to dismantle the federal workforce. The court cited representations by  CFPB director Russell Vought that the agency would “remain open and perform [...]

The Sport and Rights Alliance (SRA) called on FIFA on Tuesday to take action to recognize the Afghan women’s football team in exile as the representative of Afghanistan to ensure their return to international competition, after being banned in 2021 when the Taliban took power in the country. The SRA noted that denying Afghan women [...]