Whistleblowing in the United States is being buffered by uncertainty from regulators who are backing off policing corruption and consumer protections. Regulators like the Department of Justice and the Securities and Exchange Commission are being thrown into disarray by layoffs and restructuring. Still, whistleblowers will likely continue coming forward.
Aaron Nicodemus
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass.
Email: aaron.nicodemus@complianceweek.com
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Posted inFinancial Services
CFPB dismisses yet-another Biden-era lawsuit as Trump pulls back on corporate crime enforcement
The Consumer Financial Protection Bureau (CFPB) has quickly become one of the most active agencies advancing the Trump administration’s pullback on prosecuting corporations, as it dropped yet another consumer protection lawsuit against a financial services company Wednesday.
Posted inTechnology
Google the latest tech loser in antitrust lawsuits targeting alleging anticompetitive practices
A federal judge has ruled that Google “willfully engaged in a series of anticompetitive acts” in the advertising technology industry, the latest antitrust setback in what could become a string of losses for tech companies.
Posted inAnti-Bribery
Glencore FCPA, market manipulation monitorships ended early by DOJ
The U.S. Department of Justice ended two compliance monitorships on Glencore International more than a year early, monitorships imposed in 2022 after the company was convicted of paying bribes and manipulating commodities markets.
Posted inRegulatory Policy
Trump is making it harder for whistleblowers. That’s a problem for corporate America
As U.S. President Donald Trump takes a wrecking ball to the norms, rules, and laws that have governed the United States for decades, whistleblowing as we know it – a way to right wrongs, call out misconduct and hold people accountable – may be under threat.
Posted inRegulatory Enforcement
Comerica case dismissal the latest example of Trump seeking to undo Biden’s legacy
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
Posted inRegulatory Policy
First he attacked the ‘S’ in ESG. Now Trump’s after the ‘E’ with an EO on state climate laws
President Donald Trump has issued an executive order slamming state-led efforts to address climate change, reduce greenhouse gas emissions, and other environmental, social, and governance (ESG)-related laws.
Posted inAccounting & Auditing
New York, California will require companies to report greenhouse gas emissions
Some companies doing business in California and New York may soon be required to report the greenhouse gas emissions (GHG) of their operations to state authorities, even as the federal rule for disclosing such emissions is on life support.
Posted inCybersecurity
U.K. says company boards need to worry more about cybersecurity risks
The U.K. government wants directors and boards of directors to become more actively involved in cybersecurity risks facing public and private companies, as the world faces “alarming” threats from criminal gangs and malicious nation-states.
Though many organizations take cybersecurity seriously, the U.K. government says they do not place management of cyber risks high enough in their governance structures.
Posted inAML
Trump’s pivot on crypto leads SEC to seek settlement with Gemini
The Securities and Exchange Commission (SEC)’s pivot in favor of crypto took another step as the agency indicated it wants to resolve a long-standing lawsuit against the crypto exchange Gemini.
