Remove rules-policy competition-innovation
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National Association of Realtors Settlement and its Effect on the Real Estate Industry

Jimerson Firm

The settlement addresses concerns that NAR’s rules limited competition and hindered innovation in the real estate market. These changes aim to enhance competition, provide consumers with more choices, and foster a fairer marketplace for real estate agents, buyers, and sellers.

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Biden Issues First Executive Order Directing Federal Agencies to Establish New Standards to Promote Safe and Secure Use of AI

Troutman Sanders

On October 30, President Biden issued a sweeping Executive Order calling on Congress to enact privacy laws and directing federal agencies to review existing rules and potentially explore new rulemakings governing the use of artificial intelligence (AI) across various sectors of the U.S.

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CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps

Collection Industry News

The rule proposed today would ensure that these nonbank financial companies – specifically those larger companies handling more than 5 million transactions per year – adhere to the same rules as large banks, credit unions, and other financial institutions already supervised by the CFPB.

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Claims Automation for Health Plans: Transformation with a Small “t”

Fico Collections

In this post, I will touch on the current state of health insurance claims automation and common pressures for innovation in claims operations. I will share typical challenges to improvement in claims automation and how to drive an automation initiative forward.

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FTC to Develop New Group Aimed at Antitrust and Deceptive Practices Rulemaking

Troutman Sanders

The FTC has adopted only one antitrust rule. In 1967, the agency adopted the Men’s and Boys’ Tailored Clothing Rule, which required manufacturers of men’s and boys’ tailored clothing to, among other things, distribute advertising allowances and other services to large and small retailers on a proportional basis.

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Public Policy Predictions 2022: What's Coming for Financial Services

Fico Collections

The past year was one of transition in the Washington, DC policy arena as a new President, Congress and group of banking agency heads took charge of the financial legislative and regulatory policy agenda. with New Rules Promulgated by the CFPB. Despite a Wave of New Product Innovations, New Overdraft Rules Are on the Way.

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CFPB Director Chopra Announces Move Toward Open Banking Rule

Troutman Sanders

Chopra described the impetus for the new rule as part of an intentional shift by the CFPB away from “fine print” privacy notices and toward procompetitive regulation. A competitive market would lead to unbundling where companies compete on individual products, rather than relying on captive customers.

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