Relevant to NYC’s lending startups, on December 21, the Consumer Financial Protection Bureau (CFPB) announced an agreement with LendUp Loans, LLC (LendUp) under which the company would cease making any new loans and collecting on certain outstanding loans among other… Read More ›
Big Tech in NYC
NYC Requires Bias Audits, Other Measures to Prevent Unjust Hiring Based on Artificial Intelligence
Scheduled to go into effect in January 2023, the New York City Council recently passed legislation that seeks to prevent unjust hiring and promotion practices arising from automated decision tools widely used by employers, such as artificial intelligence. The legislation… Read More ›
University & Incubator Contributions to NYC’s Digital and New Economies in 2021 Q3
NYC’s Pandemic Response Institute to be Created and Led by Columbia University and Dr. Wafaa El-Sadr On September 29, the Office of the Mayor, the New York City Economic Development Corporation (NYCEDC), and the New York City Department of Health… Read More ›
The State of NYC’s Digital Economy in Q1 2021
INTRODUCTION In taking a look at the state of NYC’s digital economy covering the first quarter of 2021, the area that looms largest is not surprisingly the devastating effect the pandemic has had on the larger economy. Positive news and… Read More ›
Increased Government Scrutiny of Large Tech Companies Increases at Both Federal and State Levels and Internationally
The anti-trust action brought by the U.S. Department of Justice during October of last year was not the first time federal regulators considered taking action against Google. Newly revealed documents from a 2011-2013 Federal Trade Investigation revealed by Politico also… Read More ›
Google Calls DOJ Antitrust Action ‘Deeply Flawed’
In a blog post by SVP of Global Affairs Kent Walker, Google responded on Tuesday to the arguments found in the antitrust action brought against it by the U.S. Department of Justice the same day, asserting that consumers are not… Read More ›
Calling Google the ‘Monopoly Gatekeeper of the Internet,’ U.S. Justice Department Files Antitrust Action
On Tuesday, the U.S. Department of Justice along with eleven states that include Florida, Texas and Arkansas filed a civil action against Google in the U.S. District Court for the District of Columbia alleging that the company unlawfully maintained “a… Read More ›
House Antitrust Subcommittee Sees Need to Restore Competition in the Digital Economy
Yesterday, the U.S. House Judiciary Antitrust Subcommittee released a report entitled “Investigation of Competition in the Digital Marketplace,” which sets forth their view that Apple, Amazon, Facebook and Google have been exercising monopolistic control over the digital economy. The result… Read More ›