All articles by Joe Mont – Page 22
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ArticleFacebook’s data problems open door to domestic regulation of tech firms
As Facebook takes heat for how its user data has been exploited for political purposes, some wonder if a homegrown version of GDPR is on the horizon.
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As cryptocurrency creeps into mainstream, AML risks multiply
As mainstream firms dip their toes into cryptocurrency, they are discovering an evolving world of money laundering controls and sanctions restrictions.
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GAO looks at practicalities of SEC’s climate-related disclosures
The Government Accountability Office, the research arm of Congress, has issued a new analysis of the SEC's disclosure requirements regarding material climate-related risks.
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Outgoing FDIC official shares blunt view of ‘Too Big to Fail’ and bank regulation
As part of his farewell tour, Thomas Hoenig, the departing vice chairman of the Federal Deposit Insurance Corporation, used a recent speech to candidly address the challenge of balancing prudential standards and regulatory initiatives when attempting to end big bank bailouts.
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After six years, bill to combat human trafficking inches closer to law
The Senate passed the Stop Enabling Sex Traffickers Act with an overwhelmingly bipartisan vote of 97-2. The bill, part of a six-year effort, ammends the Communications Decency Act to allow for the reporting of potential indicators of slavery..
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Omnibus Bill riders target SEC, implements cross-border data seizure law
When Congress passed a $1.3 trillion federal spending package, the bill included restrictions on the SEC and made law a controversial plan for confiscating data from servers located abroad.
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Facebook follies: Congress, AGs upload scrutiny on social media giant
Troubles continued this week for social media giant Facebook with confirmation that the FTC is investigating whether the exposure of personal data belonging to an estimated 50 million users is a violation of a 2011 consent decree. Also in the mix: Congress and state Attorneys General.
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Cross-sector companies launch Coalition to Reduce Cyber Risk
With an effort to improve cyber-security defenses, six global corporations have joined forces to launch The Coalition to Reduce Cyber Risk, also known as CR². Members include AT&T, Cisco, HSBC, JPMorgan Chase, Mastercard, and Microsoft.
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Even as regulations vaporize, corporate governance takes hold globally
A new report says the lure of cross-border investors is doing as much to demand corporate best practices as government rule regimes.
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Years later, deadly airbag recalls still prove a lofty challenge
At a recent Senate hearing, government representatives and automakers lamented the challenge of purging Takata airbags from the automotive supply chain.
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House committee advances slate of financial bills to full chamber
The House Financial Services Committee has advanced a slate of bills for the consideration of the whole House. The total number of bills reported out of the Committee this Congress now total 99.
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House passes bill seeking end to cookie-cutter stress tests for non-banks
The House of Representatives garnered bipartisan support for legislation that would exempt non-bank financial institutions that are not under supervision by the Federal Reserve, but overseen by the SEC and CFTC, from stress tests.
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Warren presses Department of Defense to monitor contractors' workplace safety
Sen. Elizabeth Warren is asking military officials to update Congress on efforts to ensure that Department of Defense contractors are complying with federal worker protection laws.
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A deep dive into the Senate bill that chips away at the Dodd-Frank Act
On March 15, the Senate, under the leadership of Banking Committee Chairman Mike Crapo, passed what he is calling “the most significant piece of regulatory reform legislation for community financial institutions in nearly a decade” with a bipartisan vote of 67 to 31.
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Pilfered data launches Facebook into a battle with regulators, legislators
Regulators and legislators are demanding answers from Facebook over how an international firm, Cambridge Analytica, improperly used the personal data of 50 million users without their consent to enable the psychological profiling used to sway election results.
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McDonald's nears agreement with NLRB over joint employer status
McDonald's and the NLRB are nearing approval on settlement agreements related to how much control the parent company had over how franchisees treated their employees and resulting wage violations. The case is part of the confusing landscape of what constitutes joint employer status.
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Companies grapple with guns
Gun bans and NRA boycotts may just be the start of new risk management strategies and corporate governance reforms. The true test of corporate mettle will come as the media furor dies down.
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Early pay ratio filings show a disclosure demand in progress
As initial pay ratio disclosures hit the books, investors are finding some supplemental disclosures and thinking creatively about where to place the new data.
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Court strikes down Labor Department’s fiduciary rule—what’s next?
The Labor Department’s regulatory soap opera is facing another cliffhanger and an appeals court opinion that vacates it. But the story is far from over.
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CORRECTION: Theranos executives charged by SEC for 'massive fraud'
Correction: In a recent post that appeared in the Filing Cabinet, we incorrectly connected a recent enforcement action against Theranos founder and CEO Elizabeth Holmes with Mylan, the maker of the EpiPen. Any implication or connection between the two companies was incorrect.