All United States articles – Page 191
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Big Tech, banking policymakers clash over cloud computing
The “move fast and break things” mantra of the tech world rubs up against a more rigid banking industry as the two find their way in the cloud—but is more legislation really necessary?
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First-ever directory of companies’ anonymous reporting hotlines released
A newly published online directory offers employees of Fortune 500 companies 10 tips and other best practices for reporting sexual misconduct, ethical violations, and fraud.
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NIST provides guidance on how to bridge privacy, cyber-security processes
NIST’s new draft Privacy Framework offers much-needed guidance to help companies align their data privacy and cyber-security risk management practices.
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SEC seeks to thwart cryptocurrency masquerading as ICO
The SEC is taking a different approach to target initial coin offerings than it has in the past in the case of its complaint against Telegram Group and its wholly owned subsidiary TON Issuer.
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Sen. Wyden introduces ‘strongest-ever’ privacy bill
Sen. Ron Wyden (D-Ore.) has introduced an updated version of his previously drafted data privacy bill that threatens jail time for executives at corporations that misuse Americans’ data.
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Congressman Cummings passes away
Rep. Elijah Cummings (D-Md.) died following complications concerning longstanding health challenges, his office announced. He was 68.
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FASB votes to approve standard delays, including CECL
FASB has voted to approve a previously proposed delay to its upcoming rule change for credit losses, in addition to standards for hedging and leasing.
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Labeling employee a ‘compliance risk’ not defamation, says court
A former Biomet Argentina employee—in a bit of FCPA hot water—landed on his company’s restricted persons list, sued for defamation, and lost.
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PCAOB swaps board members, faces whistleblower report
The SEC has ousted Kathleen Hamm as a board member at the PCAOB, replacing her with White House aide Rebekah Goshorn Jurata. The swap, along with a whistleblower report, signal internal strife at the audit regulator.
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Fed rule tailors bank regulations to link requirements to risk
The Federal Reserve Board of Governors approved final rules that tailor its regulations for domestic and foreign banks to more closely link regulatory requirements to the institutions’ risk profiles.
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California governor gives nod of approval to 7 CCPA amendments
Amendments to the California Consumer Privacy Act add clarity, offer a BTB communication reprieve to businesses, and ensure consumers have a method for submitting more information requests.
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FTC antitrust head to step down
Bruce Hoffman, director of the Bureau of Competition, will depart the Federal Trade Commission in November after more than two years in his position.
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Ex-PCAOB leader gets prison time for role central to KPMG scandal
Former PCAOB Inspections Leader Jeffrey Wada was sentenced to nine months in prison for providing the confidential information central to the long-running KPMG inspections scandal.
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Libra springs a leak: Visa, Mastercard, others bail
Visa, Mastercard, and a handful of other companies have followed in the footsteps of PayPal, abandoning the Facebook-led Libra Association amid harsh regulatory criticism surrounding the planned cryptocurrency offering.
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AT&T might be the next Wells Fargo (and doesn’t seem to be doing anything about it)
A federal securities lawsuit against AT&T and multiple executives of the company mirrors many of the same troubling ethics and compliance failures that plagued Wells Fargo. Inside, we take a deep dive into the allegations.
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California AG’s proposed CCPA regs leave more questions than answers
Companies subject to the California Consumer Privacy Act requirements now have 24 pages of direction on how to comply with the new law. But will that be enough?
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SEC Bitwise Bitcoin ETF rejection may signal end to cryptocurrency trades
In a 112-page order, the SEC argued against allowing shares of the Bitwise Bitcoin exchange traded fund to be listed or traded because of the likelihood of financial crime surrounding the cryptocurrency.
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IRS updates guidance on tax treatment of virtual currencies
As part of a wider effort to assist taxpayers, the Internal Revenue Service has issued two new pieces of guidance for those who engage in transactions involving virtual currency.
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ProPetro shuffles leadership team amid accounting probe
ProPetro Holding has announced a shuffling of its executive leadership team following the completion of a review conducted by its audit committee into a series of internal control failures.
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SEC’s ‘test-the-waters’ rule could be boon for future IPOs
The SEC has adopted a rule that allows companies interested in potentially going public to gauge interests in IPOs, instead of just emerging growth companies covered under the current rule.