Ny news and trends

NY Governor Wants Investigation Of FB Ad Practices
Facebook // July 02, 2019

New York Governor Andrew Cuomo has ordered the Department of Financial Services to look into reports that state-regulated advertisers have been using Facebook’s advertising platform to discriminate against select users. “The allegations against Facebook advertisers are extremely troubling and fly in the face of everything...

IBM Puts $2B In NY AI Research Center
Artificial Intelligence // February 08, 2019

IBM is planning to invest over $2 billion to help establish an “AI Hardware Center” at the SUNY Polytechnic Institute campus in Albany, as well as boost its high-tech footprint throughout New York State. The Center will be set up for artificial intelligence-focused computer chip research,...

Judge Rules CFPB Structure Unconstitutional
CFPB // June 22, 2018

A federal judge in New York has ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. According to Reuters, the decision by U.S. District Judge Loretta Preska prohibits the agency from suing a company that advances money to people awaiting settlement payout,...

NY Fed Ponders Legal Action Over $81M Bangladeshi Heist
Security & Fraud // December 08, 2017

In what may be a legal salvo over a monumental bank heist perpetrated by cyber thieves, the central bank of Bangladesh has asked the New York branch of the Federal Reserve to join forces in a lawsuit levied against another bank, this one based in...

Quick Reads
NY Governor Wants Investigation Of FB Ad Practices

July 02, 2019
New York Governor Andrew Cuomo has ordered the Department of Financial Services to look into reports that state-regulated advertisers have been using Facebook’s advertising platform to discriminate against select users. “The allegations against Facebook advertisers are extremely troubling and fly in the face of everything that New York stands for,” Governor Cuomo said in a […]

IBM Puts $2B In NY AI Research Center

February 08, 2019
IBM is planning to invest over $2 billion to help establish an “AI Hardware Center” at the SUNY Polytechnic Institute campus in Albany, as well as boost its high-tech footprint throughout...

Judge Rules CFPB Structure Unconstitutional

June 22, 2018
A federal judge in New York has ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. According to Reuters, the decision by U.S. District Judge Loretta Preska...

NY Fed Ponders Legal Action Over $81M Bangladeshi Heist

December 08, 2017
In what may be a legal salvo over a monumental bank heist perpetrated by cyber thieves, the central bank of Bangladesh has asked the New York branch of the Federal...