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Privacy, digital payments, and the CFPB ain’t dead yet
Agency invites public to comment on financial surveillance concerns and how to apply existing laws to emerging consumer payment mechanisms.
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As new US agency heads line up, the crypto sector is braced for change
From a potential national bitcoin reserve to a more pro-crypto regulatory posture, this sector is gearing up for at least some transformation.
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Bayview settles with 53 state regulators for $20m over cyberattack
The $20m penalty and corrective plan ordered here underscore the importance of protecting consumer data and promptly complying with agency demands.
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NASAA announces $17m multi-state settlement with Edward Jones
Investigation involved 14 state regulators examining how the firm supervised the transferring of brokerage account assets into advisory accounts.
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McKinsey OxyContin settlement illustrates need for robust comms surveillance and archiving
The matter-of-fact narrative is scathing of the moral and ethical void at Purdue as well as the behavior at the consulting firm.
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Oil companies to pay record FTC gun-jumping fine for antitrust law violation
Companies must pay $5.6m for unlawful coordination that led to a crude oil supply shortage for one of the firms – right when the US was facing supply shortages.
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US and state agencies move to tighten regulation around financial transaction tech
Massachusetts tightens stance on money transmission, while the FTC amends its complaint against cash advance app Dave.
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SEC on a tear: Seven decisions, from FCPA scheming to MNPI reporting
Several SEC cases highlight its effort to clear its docket, plus remind firms of internal controls principles and registration and reporting basics.