The Financial Services Institute on Wednesday recommended that regulators apply existing rules and standards to artificial intelligence, saying they should use new rules only when AI brings "genuinely new issues or significantly alters existing risks."
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Cybersecurity & Privacy
THURSDAY, DECEMBER 11, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Regulate AI With Existing Regs, Financial Industry Lobby Says

By Sarah Jarvis

The Financial Services Institute on Wednesday recommended that regulators apply existing rules and standards to artificial intelligence, saying they should use new rules only when AI brings "genuinely new issues or significantly alters existing risks."

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FCC Says It Might Ban Calls From 3 Chinese Telecoms

By Nadia Dreid

China's "Big Three" telecom operators will have their calls completely blocked from U.S. networks if they don't update their anti-robocall plans, the Federal Communications Commission has warned.

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FTC Upholds 2021 Ban On SpyFone CEO's Surveillance Apps

By Allison Grande

The Federal Trade Commission has refused to revisit its 2021 order permanently banning the marketer of the surveillance app SpyFone from distributing the product or similar monitoring services, finding that the company's CEO had failed to show that there had been any changes in the law, the agency's priorities or other relevant circumstances in recent years. 

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Feature

Wyoming Charts New Legal Path To Launch Frontier Token

By Aislinn Keely

When a former federal prosecutor, now cryptocurrency regulator, was tasked with writing the rules to govern the first state-issued stablecoin, she looked to the U.S. Constitution and Wyoming's own laws to ensure the legality of the project rather than Congress' stablecoin law.

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POLICY & REGULATION

Gov't Urges Combining Verizon, AT&T Cases Over FCC Fines

By Christopher Cole

The Federal Communications Commission has urged the U.S. Supreme Court to pair Verizon's appeal of a $46 million FCC penalty with a similar case involving AT&T that centers on the FCC's ability to issue fines without a jury trial.

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Colo. Asks 10th Circ. To OK Social Media Law Aimed At Minors

By Zach Dupont

The Colorado Attorney General's Office asked the Tenth Circuit to review a lower court decision to enjoin the state from enforcing its recently passed law that would display warning messages to minors using social media platforms after a trade association claimed the law was unconstitutional.

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ENFORCEMENT

GAO Tells SBA To Use Stronger Cybersecurity, Fraud Controls

By Elaine Briseño

The U.S. Government Accountability Office released a report Wednesday saying the Small Business Administration has yet to implement some of its recommendations meant to improve cybersecurity and mitigate fraud risks, but has made other cost-saving improvements.

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LITIGATION

HealthEC Data Hack Class Seeks OK Of $5.5M Privacy Deal

By Gina Kim

Over 1.6 million patients affected by HealthEC's cybersecurity attack in 2023 asked a New Jersey magistrate judge for her final stamp of approval on a $5.48 million class action settlement, arguing Monday the resolution includes additional, significant benefits like Medical Shield Complete which protects them from healthcare-related fraud. 

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Atty Fees In Meta Pixel Privacy Action Reduced In Final Deal

By Joyce Hanson

A New York federal judge has reduced an attorney fees award by about $100,000 in a Video Privacy Protection Act class action settlement with Scientific American's publisher, modifying the fees to approximately $200,000 in his order granting final approval of the deal.

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EXPERT ANALYSIS

Series

The Biz Court Digest: Welcome To Miami

After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

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LEGAL INDUSTRY

Bonus Spotlight

Litigation Shops Paying Above-Market Bonuses, Reports Say

By Andrea Keckley

Litigation boutiques Yetter Coleman LLP and Dunn Isaacson Rhee LLP are giving above-market bonuses to their associates, according to reports from Above the Law and Bloomberg.

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Jack Smith To Launch Firm With Willkie Partner, 2 Ex-Deputies

By Jack Rodgers

Jack Smith, the former Justice Department special counsel appointed to investigate President Donald Trump, is set to launch his own firm alongside two of his former top deputies and the co-chair of Willkie Farr & Gallagher LLP's investigations and enforcement practice.

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Judge Bove Faces Complaint Over Trump Rally Attendance

By Courtney Bublé

U.S. Circuit Judge Emil Bove, who previously served as President Donald Trump's personal defense attorney and a top official at the U.S. Department of Justice, has been hit with a judicial misconduct complaint for his appearance at a Trump event on Tuesday night.

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Analysis

Wanted: Temporary US Attorney, No Experience Needed

By Phillip Bantz

Frustrated by a string of court rulings disqualifying several of his U.S. attorney picks, President Donald Trump lamented recently that he might "just have to keep appointing people for three months and then just appoint another one, another one." Experts say the idea raises legal and practical issues.

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Akerman Beats Healthcare Cos.' Bid To Escape Fee Suit

By Madison Arnold

Akerman LLP can continue its fees lawsuit against Rennova Health Inc. and other defendants after they lost their motion to dismiss the suit for being "facially time-barred, factually flawed and legally indefensible," a Florida state judge has ruled.

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Fla. Atty Faces Bar Referral Over 'Hallucinated' Case In Filing

By Madison Arnold

A Florida appeals court will refer an attorney to the state's Bar after she filed a brief that included a "hallucinated" case.

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AGs Say Judicial Safety Threats Reaching 'All-Time Highs'

By Matthew Santoni

Attorneys general for 43 states, three territories and the District of Columbia signed a letter to Congress urging more financial support for judicial security in the face of threats against judges, including funding for a program that lets judges scrub addresses and personal information from online databases.

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Disciplined Attys Want High Court's Take On Judge Criticism

By David Minsky

A father-daughter team of attorneys have brought a petition to the U.S. Supreme Court challenging their suspensions for criticizing a Florida state judge who reversed a $2.75 million jury verdict in favor of their client in a racial discrimination lawsuit, saying their comments are protected by the First Amendment. 

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McIver's Immunity Disputed In Detention Center Assault Case

By Elizabeth Daley

Federal prosecutors asked a New Jersey federal judge to maintain all charges against U.S. Rep. LaMonica McIver, who was accused in an indictment of assaulting federal officers outside an immigration detention center during a scrum in which the mayor of Newark was arrested in May.

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LAW FIRMS IN TODAY'S NEWS

Akerman LLP

Amos Jones Law Firm

Arnold & Porter

Boies Schiller

Carney Bates

Connell Foley

Cooley LLP

Cravath Swaine

Davis Wright Tremaine

Dykema

Freeman Mathis

Girley Law Firm

Gordon Rees

Kellogg Hansen

King & Spalding

Lehotsky Keller

McLane & McLane

Nelson Mullins

O'Melveny & Myers

Paul Hastings

Paul Weiss

Rafferty Domnick

Searcy Denney

Stueve Siegel

Sullivan & Cromwell

White & Case

Williams & Connolly

Willkie Farr

Yetter Coleman

COMPANIES IN TODAY'S NEWS

AT&T Inc.

Above the Law

Adventist Health System Inc.

Boston University

China Mobile Ltd.

China Telecom Corp. Ltd.

China Unicom (Hong Kong) Ltd.

Community Health Care Inc.

Discord Inc.

FSI International, Inc.

Financial Industry Regulatory Authority Inc.

Financial Services Institute Inc.

Fiserv Inc.

HealthEC LLC

Meta Platforms Inc.

NFL Enterprises LLC

Porsche

Snap Inc.

Springer Nature Ltd.

Surfside

T-Mobile US Inc.

The Cigna Group

The Florida Bar

University of Virginia

Verizon Communications Inc.

YouTube Inc.

Z Capital Group LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Communications Commission

Federal Trade Commission

Florida Supreme Court

Government of Mexico

New Jersey Attorney General's Office

New York Department of Financial Services

Small Business Administration

U.S. Attorney's Office

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of New York

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Virginia

U.S. Government Accountability Office

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado