All United States articles – Page 182
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Equifax indictment and the making of a Chinese cyber-attack
The DOJ announced four members of the Chinese military have been indicted on charges of hacking into the computer systems of Equifax, ultimately resulting in the largest-ever breach of consumer data. From an ERM standpoint, the indictment offers an inside look at the making of a Chinese cyber-attack.
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Treasury lists ‘compliance weaknesses’ as U.S. finance vulnerability
A new report published by the Department of the Treasury cites compliance weaknesses among the most significant illicit finance threats and vulnerabilities facing the U.S. financial system.
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CFPB hands out $1 penalties in proposed settlement
The Consumer Financial Protection Bureau seeks to impose seven civil money penalties at $1 each as part of a proposed settlement with former payday lender Think Finance.
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Report: DOJ zeroes in on Google’s ad brokerage business
The DOJ’s scrutiny of Google’s online ad business reflects growing concerns over the tech giant’s potentially anticompetitive behavior, prompts the reclusion of an antitrust enforcement official from the probe, and points to closer coordination between federal and state authorities.
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FTC, FDA to enhance antitrust oversight in biologics market
The Federal Trade Commission and Food and Drug Administration have signaled they will be increasing their oversight of any potential antitrust behavior in the biologics market.
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CCPA cited in Hanna Andersson/Salesforce breach lawsuit
A lawsuit filed against online retailer Hanna Andersson and its e-commerce platform Salesforce is among the first to cite the fledgling California Consumer Privacy Act in its judgment sought.
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Proposed Volcker rule rollback gets pushback from agency leadership
Five federal agencies agreed that now would be a good time to ease restrictions on bank investments in hedge funds or private equity funds, triggering concern by some that the deregulation could be harmful. But is apprehension over the proposed Volcker rule relaxation overblown?
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Practice Fusion to overhaul compliance after $145M kickback resolution
Practice Fusion will pay a total of $145 million to resolve criminal and civil investigations for its leading role in an opioid kickback scheme. Particularly notable are the new compliance obligations imposed upon it, which are as weighty and significant as the fine itself.
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10 things you need to know about CCPA compliance
As the CCPA enforcement deadline arrives, here are some boxes you’ll need to make sure your company has checked.
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FASB Q&A tackles revenue recognition implementation
Determining transaction price and identifying performance obligations are among the most challenging implementation issues in accounting for revenue recognition, according to recent guidance from FASB.
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Trump’s efforts to weaken FCPA bad news for compliance
If President Trump gets his way and the FCPA loses its bite, compliance officers would lose a valuable instrument in their fight to keep businesses on the right side of an ever-blurring line between right and wrong.
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Boeing discloses SEC probe; toxic culture raises flags
Embattled aerospace giant Boeing is being investigated by the Securities and Exchange Commission, in addition to already facing scrutiny from the Department of Justice, following two plane crashes that happened less than five months apart.
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Spirit AeroSystems CFO resigns amid accounting probe
The chief financial officer and principal accounting officer at aerospace giant Spirit AeroSystems have resigned amid an ongoing accounting probe triggered by a compliance review.
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Airbus resolves global bribery scandal for record $4B
Airbus has agreed to pay a total of $4 billion in penalties split between the United States, United Kingdom, and France—the world’s largest global resolution for bribery.
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Kohler to pay ‘precedent-setting’ $20M over emissions violations
Kohler must pay a $20 million civil penalty in a settlement reached Thursday with the Department of Justice, Environmental Protection Agency, and state of California over alleged violations of the Clean Air Act and California law.
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CFPB stirs controversy with enforcement head hire
The Consumer Financial Protection Bureau has faced the ire of the House Financial Services Committee regarding its hiring of former DOJ employee Thomas Ward to lead its enforcement efforts.
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Compliance lessons from recent EEOC enforcement data
Recent enforcement and litigation statistics from the Equal Employment Opportunity Commission put the spotlight on where chief compliance officers should be focusing their efforts pertaining to workplace conduct issues.
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Ad industry requests delay on CCPA enforcement
Insufficient time to prepare was the argument invoked by five advertising trade bodies this week when requesting a further delay to the enforcement of the newly enacted California Consumer Privacy Act
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Facebook reveals $550M settlement for Illinois privacy lawsuit
Facebook has reached a $550 million settlement in principle in connection with a class-action lawsuit it faced in Illinois over violations of a state biometric law.
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SEC, NSA issue new cyber-security guidance
Two new guidance documents, one from the SEC’s Office of Compliance Inspections and Examinations and another from the National Security Agency, aim to help companies improve their cyber-security efforts, including managing vulnerabilities in the cloud.