All United States articles – Page 8
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PremiumNew CFPB data rights rule will modernize U.S. banking system, Chopra says
Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the Consumer Financial Protection Bureau.
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News BriefPrecision Toxicology to pay $27 million to settle allegations of unnecessary drug testing
Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.
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Sheppard Pratt names GC
Sheppard Pratt, a private, nonprofit provider of mental health, substance use, developmental disability, special education, and social services, announced the appointment of Jennifer Coyne as general counsel.
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Home Run Financing promotes GC to COO
Home Run Financing announced that Ryan Griffin, who has served as its general counsel and chief compliance officer for over five years, has been appointed as their new chief operating officer.
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Basic PageVietnamese business pays $860K for violating U.S. sanctions on North Korea
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control that its business with North Korea involved U.S. financial institutions.
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PremiumKeys to a successful GenAI use policy: Clear roles, training, vendor management
For all the hype surrounding generative artificial intelligence, the technology has been met with a healthy skepticism in the compliance community. Compliance practitioners want to know: Is it safe? Can it be deployed ethically? Are the risks greater than the rewards? And what should an AI acceptable use policy contain?
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News BriefNYDFS expects banks, firms to cut risks posed by AI, according to new guidance
New York financial institutions are expected to address cybersecurity risks posed by artificial intelligence, and new guidance from the New York Department of Financial Services is aimed at helping firms do just that.
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PremiumRaytheon parent RTX settles false claims, defective pricing, Qatar FCPA violations for $950M
The other shoe finally dropped for Raytheon and parent company RTX, as two U.S. regulators announced nearly $1 billion in penalties to settle defective pricing in defense contracts, false claims related to inflated prices on government contracts, and bribes paid to government officials in Qatar that violated the FCPA.
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PremiumFTC final ‘Click to Cancel’ Rule requires disclosure of material facts before enrollments
Tthe Federal Trade Commission, after years of public comments and changes, released a final “Click to Cancel” Rule, which requires a customer’s express consent before they can be charged and prohibits practices that make it difficult for a customer–whether a family or another business–to cancel.
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UnitedLex promotes GC to CEO
UnitedLex, a data and professional services company specializing in litigation, intellectual property, contracts, compliance, and legal operations, announced that the company’s general counsel Renee Meisel has been appointed chief executive officer.
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Fragrance Creators names GC
Fragrance Creators Association announced the appointment of Sarah Erickson André as its new vice president, government affairs & general counsel, effective Nov. 1.
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APA Corporation announces acting GC
APA Corporation, which owns consolidated subsidiaries that explore for and produce oil and natural gas, announced that David Bernal has been promoted to vice president legal and acting general counsel.
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The Brock Group announces GC
Multi-craft specialty services provider The Brock Group announced the appointment of Shenna Bradshaw as its general counsel.
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The Mutual Group appoints GC, CCO
TMG Insurance Services announced that Shannon Woods has joined as general counsel and chief compliance officer.
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Execo welcomes chief legal officer
Execo, a next-generation alternative legal services provider, announced the appointment of Eunice Tan as its chief legal officer.
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News BriefGovernment contractor fined $307K after third-party hack compromised personal data
It was a double whammy of cybersecurity no-nos for a federal contractor hit with a data breach: The personal data of Medicare beneficiaries contained in unencrypted screenshots were allegedly compromised when their third-party vendor’s server was hacked.
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News BriefPoor internal controls led to FCPA violations in Moog’s $1.7M settlement with SEC
A company culture geared to “win business at any cost” encouraged employees of New York-based aerospace manufacturer Moog to pay bribes in India to win contracts, the Securities and Exchange Commission alleged.
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RPM gets new GC, compliance chief
RPM International, which owns subsidiaries that are providers of specialty coatings, sealants, building materials and related services, announced that Tracy Crandall has been elected vice president, general counsel and chief compliance officer.
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MultiPlan announces GC
MultiPlan Corporation, a provider of data-driven cost management solutions that deliver transparency and promote fairness, quality and affordability to the US healthcare industry, announced that Tara O’ Neil has been promoted to general counsel.
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News BriefTeva Pharma to pay $450M to settle kickback, price-fixing allegations
Generic drug giant Teva Pharmaceuticals has agreed to pay $450 million to settle two cases brought by the Department of Justice (DOJ), including one alleging that co-pays it made on behalf of Medicare patients constituted illegal kickbacks, and a second action for alleged generic drug price fixing.