All Compliance Week articles in Web Issue – Page 525
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Blog
FASB plans new expedient for lease accounting
The Financial Accounting Standards Board is preparing to propose a modification to the pending lease accounting standard to amend the transition guidance.
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Blog
Democrats fret conflicts of interest within deregulation task forces
Democrats are demanding transparency into the Trump administration's deregulatory task forces, citing conflicts of interest involving appointees who benefit from task force recommendations.
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Blog
House Republicans double down on CFPB contempt charges
House Financial Services Committee Republicans are moving contempt proceedings against CFPB Director Richard Cordray along with the release of a report outlining their case.
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Blog
Senators want more debate over another net neutrality plan
The Federal Communications Commission has received more than 16 million comments on a proposal to revive net neutrality. Deliberations on the rule, introduced in May, allowed for a 30-day public comment process.Nevertheless, Democrats, are calling on the FCC to extend the expiring comment period.
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Blog
CFPB pitches new disclosure form for overdraft fees
The CFPB is proposing model disclosure forms intended to improve upon what banks and credit unions already provide to consumers weighing overdraft coverage. The Bureau is currently testing four prototypes that have a simple, one-page design.
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Blog
CFPB slaps JPMorgan Chase over checking account screening
The CFPB has reached a consent order with JPMorgan Chase Bank for alleged failures related to information it provides for checking account screening reports. It will pay a $4.6 million penalty and implement necessary changes to its policies to prevent future legal violation.
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Article
Cost guidance under new revenue rule is a minefield of issues
Digging deeper into challenges with the revenue standard, companies are traipsing a minefield in determining how to recognize costs tied to generating revenue.
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Blog
PCAOB disciplines PwC, Crowe Horwath affiliate
The PCAOB has disciplined PwC over a broker-dealer audit lapse and Crowe Horwath HK over an investigation involving a China-based company.
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Blog
FTC bust targeted money laundering, fraudulent merchant accounts
The Federal Trade Commission has charged 12 defendants with laundering millions of dollars in credit card charges through fraudulent merchant accounts.
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Blog
Bank CCOs weigh effectiveness vs. burden of rules
A new survey of bank CCOs conducted by the American Bankers Association shows continued concerns about their regulatory burden and skepticism that piling up rules actually helps.
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Article
Differing regulatory ethos poses challenges for cross-border financial institutions
In a group Q&A, we look at how multinational companies should view compliance amid attitudinal differences regarding compliance and enforcement.
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Blog
Halliburton, the FCPA, and effectiveness
Having a great compliance program means nothing if it exists only on paper. If you want to keep the DoJ and SEC happy, that program must also be demonstrably effective.
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Article
Keeping customer service on the right track
A poor customer interaction can result in a PR nightmare, especially on social media. How can compliance help ensure that staff is properly trained to avoid a reputational fiasco?
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Article
SFO announces Rio Tinto corruption investigation
Rio Tinto faces large fines if it is found to have engaged in corrupt activity over its massive Simandou iron-mining project in Guinea. Heads have already rolled over it.
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Article
How electronic trading strengthens execution in the muni market
As electronic trading becomes more commonplace, especially in the municipal bonds market, there are plenty of compliance benefits to be had.
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Article
Firms gird for fast-approaching NYDFS cyber-security deadlines
New York’s new cyber-security rules are already creating compliance and liability concerns. They may also give rise to a fractured playing field of demands in other states.
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Blog
U.K. mulls new fines for lax cyber-security measures
Organisations that fail to implement effective cyber-security measures could face significant fines, as part of plans to make Britain’s essential networks and infrastructure safe, secure, and resilient against the risk of future cyber-attacks.
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Blog
U.K. government seeks views on NIS Directive
The U.K. government this week published a consultation seeking views on its plans to implement the EU’s Network and Information Systems Directive, which is due to come into force in May 2018.
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Article
Will AI disrupt compliance and internal audit?
At a recent Compliance Week conference, experts discussed implementation and expectation for incorporating artificial intelligence into compliance programs.
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ArticleStriving toward a better ethics and compliance training program
NAVEX’s 2017 report on ethics and compliance training is out, and the results are required reading for compliance officers eager to know how well their programs compare to their peers.