The Morning Risk Report: Regulators Probing Big Banks' Handling of Zelle Scams
Regulators are investigating major U.S. banks regarding handling of customer funds on Zelle, focusing on scams and fraudulent transactions.
The UK's Agile, Sector-Specific Approach to AI Regulation Is Promising
The UK government plans to place greater responsibility on existing regulators to oversee AI development and may introduce binding requirements for highly capable AI systems.
The government has announced increased funding for AI, including funding for regulators, research hubs, and projects developing responsible AI solutions.
Closing of Kroger, Albertsons, C&S Deal Postponed
The merger of Kroger and Albertsons and the sale of assets to C&S Wholesale Grocers will be delayed due to discussions with regulators.
The companies now expect the deal to close in the first half of Kroger's fiscal 2024.
Microsoft's weird Inflection AI deal is now in the antitrust spotlight
Regulators investigate Microsoft's deal with AI startup Inflection, raising concerns about talent acquisition practices and potential antitrust issues.
U.S. Sues Adobe Over Hard-to-Cancel Subscriptions
Regulators sued Adobe for making it difficult to cancel software subscriptions, following a crackdown on such practices by the Justice Department and F.T.C.