As the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) moves forward with its offshore wind energy development efforts in the New York Bight, a federal case filed on January 10, calls attention to federal procedures used… Read More ›
Government v Tech
New York State’s 2022 Offshore Wind Plans
On January 5, as part of her State of the State address, Governor Kathy Hochul announced the following additions to New York’s offshore wind efforts: A $500 million investment The 2022 launch of the New York State Energy Research and… Read More ›
NYS Announces Climate Goals to Reach 1 Million Electrified Homes and 1 Million Electrification-Ready Homes by 2030
On January 5, Governor Kathy Hochul announced the following climate-related goals as part of her State of the State address: Reaching 1 million electrified homes by 2030 Reaching 1 million electrification-ready homes by 2030 Requiring all new building construction to… Read More ›
Concluded Legal Action against LendUp Loans, LLC, Provides Guidance for Other Lending Startups
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 ›
NYC Takes Another Step Towards the Creation of a Climate Solutions Center
NYC Issues Request for Expressions of Interest to Create Climate Solutions Center On June 28, 2021, NYC announced the first step in an effort to create a Climate Solutions Center on Governors Island that would serve as a research and… Read More ›
New York Fed’s new Innovation Center will Develop Fintech Products and Services for Central Banking
On November 29, the Federal Reserve Bank of New York announced and launched its New York Innovation Center (NYIC) to be headed by Per von Zelowitz, for the purpose of developing financial technology products and services for the central bank… Read More ›
NYC Bans Use of Natural Gas in New Buildings to Begin in 2024
Led by Alicka Ampry-Samuel, 29 New York City Council Members sponsored a bill that passed on December 15, to prohibit the use of gas-powered heaters, stoves and water boilers in new buildings in an effort to reduce carbon emissions. As… Read More ›
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 ›
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 ›