Meta faces a historic $24.6 million fine for campaign finance violations, setting a new precedent for tech accountability. Meanwhile, the House Financial Services Committee is pushing for AI regulation in finance, aiming to balance innovation with consumer protection. Discover how these developments could reshape the tech and financial landscapes, and what they mean for transparency and regulation in the digital age.

Sources:

https://www.seattletimes.com/seattle-news/meta-loses-appeal-must-pay-24-6m-for-wa-campaign-finance-violations/

https://fedscoop.com/house-financial-services-committee-ai-housing-bill/

https://www.inquirer.com/politics/philadelphia/shawn-carter-foundation-financial-literacy-education-20241202.html

https://techcrunch.com/2024/12/02/kpay-a-financial-management-platform-for-smes-raises-55m-series-a-funding-from-apis-partners/

Outline:

(00:00:00) Introduction

(00:00:44) Meta loses appeal, must pay $24.6M for WA campaign finance violations

(00:03:47) House Financial Services Committee leaders eye AI regulatory push

(00:06:59) Jay-Z partners with Philly-based program to bring financial literacy to HBCUs

(00:10:29) KPay, a financial management platform for SMEs, raises $55M Series A