Items tagged with regulation:
News & Updates:
The continuing proliferation of algorithmic decision-making, automation, and the use of artificial intelligence has once again brought to the forefront of the minds of those employed and those seeking to keep unemployment numbers down the question of the potential impact of automation and artificial intelligence on the labor market. While some are most concerned about the potential effect of job replacement and job loss thanks to automation, others are more concerned about biased decision-making coming from algorithms, a lack of quality checks for algorithms and automated systems, and the potential implications of automating jobs such as those of government employees or regulators.
Among one of the most important concepts in modern administrative law is so-called Chevron deference. The 1984 landmark opinion in Chevron U.S.A. Inc v. Natural Res. Def. Council, Inc. requires courts to apply a two-step test when deciding whether an administrative agency has properly interpreted a statute granting it policymaking authority on an issue. 
President Trump’s infrastructure plan is largely based on removing regulations that would prepare the country for climate change. The FOMC’s anticipated minutes have pushed the dollar up. Britain’s unemployment dropped to it’s lowest level since 1975.
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, more commonly known as Dodd-Frank, is a target for repeal among conservative lawmakers hoping to eliminate a signature legislative achievement of the Obama Administration.
President Trump’s stunning election victory last November breathed new life into the “Audit the Fed” movement. He promised supporters along the campaign trail to increase transparency over monetary policy decisions made by the Federal Reserve.
October 20th, 2017
11:00am - 1:30pm:
Financial “robo advisors”—automated services that rank, or match consumers to, financial products on a personalized basis, sometimes in addition to selling or providing educational information about these products—have gained significant attention in the investment industry. But there has not yet been a consensus on how to regulate them. Robo advisors have the potential to equal or exceed the quality of human advisors, but they don’t fit into the category of fiduciary, and therefore are not currently held to the same regulatory standard that humans advisors are. Nonetheless, they are subject to systemic risks and the potential for abuses that can hurt consumers. This seminar will explore the regulatory challenges involved in fostering a market that promotes the development of more sophisticated robo advisor technology while also serving and protecting the heterogeneous interests of financial product consumers.