All United States articles – Page 102
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News BriefCFPB eyeing data broker practices in planned rulemaking push
The Consumer Financial Protection Bureau is asking companies that “track and collect information on people’s personal lives” to provide information to the agency as it considers rulemaking under the Fair Credit Reporting Act.
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News BriefEx-Wells Fargo exec fined $17M for role in fake accounts scandal
Carrie Tolstedt, the former head of Wells Fargo’s community bank, will pay a $17 million fine issued by the Office of the Comptroller of the Currency for her role in the bank’s fake accounts scandal.
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PremiumTRACE enforcement report highlights anti-bribery trends from 2022
The United States broke from a three-year downturn in bribery-related enforcement actions, while Brazil continued its emergence in the space, according to the results of the latest annual Global Enforcement Report by nonprofit TRACE.
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PremiumExperts: DOJ clawback pilot to be ‘work in progress’
Businesses and compliance professionals should expect the Department of Justice’s new compensation clawback policies to be applied on a case-by-case basis, with broad discretion, according to legal experts.
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News BriefCISA pilot program seeks to bolster ransomware preparedness
The Cybersecurity and Infrastructure Security Agency announced a pilot program designed to help critical infrastructure entities vulnerable to cyberattacks mitigate a ransomware incident before it occurs.
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News Brief
SEC proposes Reg S-P updates on incident response, breach notifications
The Securities and Exchange Commission proposed amendments to its regulation requiring broker-dealers, investment companies, and registered investment advisers to establish policies and procedures to safeguard customer records and information.
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Blog
Crane Holdings names general counsel of spin-off
Manufacturing company Crane Holdings announced the appointment of Paul Igoe as senior vice president, general counsel and secretary of Crane NXT, an industrial technology spin-off.
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Blog
AutoCruitment appoints general counsel, chief compliance officer
AutoCruitment, a digital patient recruitment company serving clinical researchers, announced the appointment of Kathy Twiddy as general counsel and chief compliance officer.
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News BriefWeb hosting company fined in DOJ cyber fraud case
Web hosting company Jelly Bean Communications Design and its manager agreed to pay $293,771 in the latest Department of Justice case holding government contractors accountable for poor cybersecurity practices.
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PremiumAccounting and reporting challenges of environmental credits
Companies are working on plans to reduce their carbon emissions. The popularity of environmental credits has grown as a way for companies to meet their emission reduction targets.
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News BriefDXC Technology fined $8M over non-GAAP disclosures
IT services provider DXC Technology Company agreed to pay an $8 million penalty to settle Securities and Exchange Commission charges it made material misstatements regarding its non-GAAP disclosures over a two-year period.
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News BriefDOJ intervenes in suit alleging Rite Aid helped fuel opioid crisis
The Department of Justice announced its intervention in a lawsuit alleging retail pharmacy chain Rite Aid filled hundreds of thousands of prescriptions for medically unnecessary oxycodone and other opioids in violation of multiple federal laws.
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Blog
Crowe promotes diversity leader to chief DEI officer
Public accounting, consulting, and technology firm Crowe announced the promotion of Rachael Gibson to chief diversity, equity and inclusion officer.
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News BriefInvestment adviser fined $50K for compliance lapses following founder/CCO’s death
E. Magnus Oppenheim & Co. must pay $50,000 and hire an independent compliance consultant to settle Securities and Exchange Commission charges of failing to implement compliance policies and procedures following the death of its founder and CCO.
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Blog
Mitre Corp. expands diversity and inclusion role to include sustainability
Not-for-profit organization The Mitre Corporation announced Vice President of Inclusion, Diversity, and Social Innovation Stephanie Turner will add chief sustainability officer to her duties.
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Blog
KFC names chief sustainability officer
Global fast food chain KFC announced the appointment of Nira Johri as chief sustainability officer.
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News Brief
Evoqua Water Technologies to pay $8.5M for alleged revenue inflation
Evoqua Water Technologies Corp. agreed to pay $8.5 million to resolve charges the actions of a former company finance director led the firm to misstate its revenue in filings with the Securities and Exchange Commission.
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News Brief
Swedbank reserves $3.7M for OFAC settlement
Swedbank said it expects to pay 40 million Swedish krona (U.S. $3.7 million) as part of a settlement with the U.S. Treasury’s Office of Foreign Assets Control related to apparent sanctions violations.
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OpinionSilicon Valley Bank risk chief gap glaring post-collapse
For eight months last year, Silicon Valley Bank went without an established chief risk officer. The ramifications of that decision are hard to ignore in the wake of the bank’s hasteful failure.
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PremiumRegulators on damage control following SVB, Signature Bank failures
The White House, Department of the Treasury, and other federal banking regulators swung into action over the weekend to prevent the failure of two banks with $264 billion in combined deposits from turning into a full-blown economic crisis.