PYMNTS-MonitorEdge-May-2024

Illinois

AI Regulations: Illinois Tackles Deepfakes and EEOC Taps New AI Chief
AI Regulations: Illinois Tackles Deepfakes and EEOC Taps New AI Chief
June 05, 2024  |  artificial intelligence

With artificial intelligence (AI) rapidly advancing and permeating various aspects of society, lawmakers and government agencies are grappling with the challenges of regulating this technology....

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Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 
Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 
December 08, 2022  |  Security & Fraud

A federal grand jury has charged two operators of payment processing companies with bank fraud.  The grand jury in Chicago charged the two Illinois men...

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Illinois Bill Seeks to Limit App Stores’ Control Over Payments
Illinois Bill Seeks to Limit App Stores’ Control Over Payments
March 11, 2022  |  Payment Methods

The groundswell against the app stores and their commissions comes to the states. Apple and Google have been in regulators’ crosshairs at the federal level,...

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Illinois SMBs Face Tighter COVID-19 Restrictions
Illinois SMBs Face Tighter COVID-19 Restrictions
October 25, 2020  |  Economy

With COVID-19 cases rising in Illinois, operators of small- to medium-sized businesses (SMBs) in heavily populated areas face new shutdowns — measures likely to be...

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Data Breaches Impact Unemployment Benefit Applicants In Four States
Data Breaches Impact Unemployment Benefit Applicants In Four States
May 22, 2020  |  Security & Fraud

Unemployed workers in at least four states who are coping with layoffs from the impact of the coronavirus now have another worry, NBC News reported....

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Google, Amazon Tech Help States Handle Jobless Claim Boom
Google, Amazon Tech Help States Handle Jobless Claim Boom
May 12, 2020  |  Google

Help is on the way for beleaguered states facing a record number of jobless claims. Google and Amazon Web Services are assisting Rhode Island, Kansas,...

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Amazon (And Others) Brace For India’s New eCommerce Tax
Amazon (And Others) Brace For India’s New eCommerce Tax
February 10, 2020  |  Taxes

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in...

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Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As Legally Binding
Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As...
January 10, 2020  |  Bitcoin

Deribit, a popular global cryptocurrency options exchange, is moving to Panama in February to sidestep the Netherlands’ upcoming regulation changes on the industry, according to...

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Facebook Facing $35B Fine Over Facial Recognition Lawsuit
Facebook Facing $35B Fine Over Facial Recognition Lawsuit
October 18, 2019  |  Facebook

A class action lawsuit against Facebook, alleging that people in Illinois didn’t consent to have their photos used with the company’s facial recognition technology, will...

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