All United States articles – Page 90
-
News BriefCFPB: ‘Poorly deployed’ AI chatbots harming banking customer service
The Consumer Financial Protection Bureau flagged risks regarding expanded use of chatbots by financial institutions, specifically for customer service purposes.
-
News BriefSEC rule prohibits manipulating CCOs at security-based swaps
The Securities and Exchange Commission adopted two rules aimed at curbing potential misconduct in the security-based swaps market.
-
News BriefFlorida marks 10 U.S. states with data privacy laws
Florida became the 10th U.S. state to pass a comprehensive consumer data privacy bill, though its law will only apply to larger businesses with more than $1 billion in annual revenue.
-
News BriefPCAOB proposal puts pressure on auditors to find fraud
The Public Company Accounting Oversight Board proposed standard updates that would require auditors to enhance scrutiny toward potential instances of company noncompliance, including fraud, in their audit work.
-
News BriefSEC continues crusade against crypto with Coinbase charges
The Securities and Exchange Commission continued its crackdown on the digital asset industry, charging cryptocurrency exchange Coinbase with violating federal securities laws.
-
News BriefCantaloupe fined $1.5M in SEC accounting fraud case
Electronic payments software company Cantaloupe agreed to pay a $1.5 million penalty to settle allegations of accounting fraud levied by the Securities and Exchange Commission arising from improper revenue recognition practices.
-
News BriefMicrosoft to pay $20M in FTC settlement over Xbox COPPA lapses
Microsoft agreed to pay $20 million as part of a settlement with the Federal Trade Commission addressing allegations its Xbox video game platform illegally collected and retained the personal information of children.
-
PremiumResponsible use cases exist for generative AI in compliance—if you plan carefully
The possibilities for productive use of generative AI are alluring, compliance professionals say. But harnessing the technology in an ethical and compliant manner requires thorough risk assessment.
-
Blog
Amtrak recruits CCO from MassDOT
The chief compliance officer at the Massachusetts Department of Transportation, Maria Buccieri, is departing the agency for a compliance role with the National Railroad Passenger Corporation.
-
News BriefSEC charges Binance, founder in latest crypto crackdown
The Securities and Exchange Commission charged Binance Holdings, its U.S.-based affiliate BAM Trading Services, and their founder Changpeng Zhao with a series of securities law violations, including operating unregistered exchanges.
-
Blog
Camden National Bank promotes enterprise risk head to chief risk officer
Camden National Bank announced the promotion of David Ackley Jr. to executive vice president and chief risk officer.
-
Blog
Kroll promotes legal, risk leaders
Business consulting and services company Kroll announced the promotion of General Counsel Edward Forman to chief legal and risk officer, with Deputy General Counsel Christopher Matteson succeeding Forman.
-
Blog
Federal Reserve Bank of New York appoints chief risk officer
The Federal Reserve Bank of New York announced the appointment of Mihaela Nistor as chief risk officer and head of the risk group.
-
News BriefSEC dismisses 42 cases after improper access findings
The Securities and Exchange Commission dismissed proceedings in 42 enforcement cases after disclosing improper staff access to restricted records at the agency occurred on a wider scale than initially identified.
-
News BriefTenet-affiliated health systems to pay $30M in DOJ kickback case
Tenet Healthcare, Vanguard Health Systems, and the Detroit Medical Center agreed to pay $29.7 million as part of a settlement with the Department of Justice addressing allegations they provided kickbacks to doctors who made referrals to their health organizations.
-
PremiumCulture goals: ‘Get out of the squishiness and into something measurable’
Organizations must move beyond abstract theory and truly measure their compliance culture, a panel of experts discussed during Compliance Week’s 2023 National Conference.
-
News BriefMicrosoft reserves $425M for LinkedIn GDPR penalty
Microsoft will reserve $425 million to pay a potential fine from the Irish Data Protection Commission regarding alleged violations of the General Data Protection Regulation by its social media subsidiary, LinkedIn.
-
News BriefFTC orders Amazon pay $30M for alleged Alexa, Ring privacy violations
Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
-
PremiumCCO compensation survey: Big gains for energy, healthcare
Annual total compensation for chief compliance officers rose 10 percent in 2022, according to the latest compensation survey by executive search firm BarkerGilmore.
-
PremiumRisk assessment fundamentals: Flexibility, accountability, more
Tailoring your risk assessments to guidance from your relevant regulators is a good idea, a panel of compliance practitioners speaking at Compliance Week’s 2023 National Conference agreed. But it certainly isn’t the place to start.