All Compliance Week articles in Web Issue – Page 290
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Article
NIST seeks comment on ransomware, cyber-attack guidance
The National Institute of Standards and Technology is seeking input on a trio of draft guidance published in the past week. Two of the drafts address ransomware attacks, and the third addresses protecting against cyber-attacks in the supply chain.
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Article
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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Article
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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Article
Ireland probing Google, Tinder for GDPR violations
Ireland’s data regulator has announced new investigations into Google and MTCH Technology Services—the company behind dating app Tinder—over complaints users’ personal data is being misused in violation of the GDPR.
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Article
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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Article
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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Article
Mastercard CEO lists Libra red flags as reason for exit
Mastercard CEO Ajay Banga cites concerns with compliance, data management, and making money within regulatory constraints among the reasons his company left the Facebook-led Libra Association late last year.
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Article
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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Article
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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Article
Study: Compliance officers in finance face ‘unnecessary risks’
Compliance officers in the financial services industry face “unnecessary risks” that undermine effectiveness and regulatory goals, according to a new report by the Compliance Committee of the New York City Bar Association.
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Article
Nasdaq names chief risk officer
American stock exchange Nasdaq announced Roland Chai will join the executive leadership team as chief risk officer.
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Article
Nordstrom discloses new accounting chief
Luxury retailer Nordstrom, in a filing with the Securities and Exchange Commission, announced the appointment of Michael Maher as chief accounting officer.
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Article
Fifth Third tabs new risk chief
Fifth Third Bancorp announced the appointment of Jamie Leonard as chief risk officer amid a recent leadership shuffle.
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Article
CAN Capital appoints general counsel, CCO
Financial services firm CAN Capital announced the appointment of Edward Dietz as chief compliance officer and general counsel.
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Article
Archax adds chief compliance officer
London-based digital securities exchange Archax announced it has appointed Alex Royle as its chief compliance officer.
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Article
Barings names principal accounting officer
Investment management firm Barings BDC announced the board of directors has appointed Elizabeth Murray as the company’s principal accounting officer.
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Article
First four ‘Excellence in Compliance Awards’ finalists revealed
Compliance Week is proud to announce its first four finalists for the “Excellence in Compliance Awards,” a newly formed program that recognizes individual achievement in one of 13 categories relating to risk and compliance.
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Article
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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Article
AirAsia on defense after Airbus-related bribery allegations
AirAsia is doing damage control after executives at the budget airline were referenced as recipients of a $50 million bribe from plane maker Airbus in the latter’s $4 billion global bribery settlement.