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Delaware ramps up revised unclaimed property approach
Delaware’s Secretary of State is inviting corporations incorporated in that state to join it in resolving any outstanding unclaimed property issues. The invite comes with a catch: Companies must respond within 60 days or face an unclaimed property audit.
Bed Bath & Beyond revamps its board; shareholders revolt
In response to shareholder backlash, Bed Bath & Beyond has made several changes to its board, as well as a series of additional governance enhancements, but activist investors say the changes aren’t enough and issued a joint statement expressing their many concerns.
CFPB to provide more information to firms under investigation
The CFPB says it will provide financial services firms under investigation more detail on what violations prompted the agency’s scrutiny.
Options drive more risk than stock, study says
Company executives may be more likely to take on more risk when their compensation is based more on stock options than stock awards, a new study says.
- Partner Content | Financial Services
Preparing for new credit loss rules
Banks and other financial institutions have a lot of work ahead of them as they prepare to adopt the new standard on reflecting credit losses in financial instruments (the so-called CECL standard).
FCA data shows firms with most consumer credit complaints
The Financial Conduct Authority published its latest complaints figures for regulated firms for the second half of 2018, revealing how some financial services firms are receiving significantly more complaints than others.
Tesla to phase out four board members
Tesla disclosed in a filing with the Securities and Exchange Commission that four of its directors eventually will be phased out, reducing the size of its board to seven.
FCA and the future of financial conduct regulation
Post-Brexit, FCA Chief Executive Andrew Bailey says the agency will take a “lower burden” regulatory approach than that of the European Union.