Nicole Lundholm Associate

The Consumer Financial Protection Bureau (CFPB) published a proposed rule on November 7, 2023, that, if finalized, would subject to its supervisory authority certain Big Tech firms and other nonbank companies operating in the payments sphere.

In early February, following a six-day trial, a jury in the U.S. District Court for the Southern District of New York found in favor of Hermès in its claims of trademark infringement, trademark dilution, and cybersquatting against artist Mason Rothschild, the creator of the “MetaBirkins” non-fungible tokens (NFTs).

Published over the holidays, President Biden signed the $1.7 trillion Consolidated Appropriations Act of 2023, which includes a wide range of artificial intelligence and machine learning initiatives and investments. It also directs several federal agencies to help ensure the responsible use of AI technologies, including the prevention of algorithmic bias. This Update includes a summary of the AI appropriations and initiatives.