Mastercard is inviting other companies to join it in addressing individuals’ privacy rights with the launch of its Data Responsibility Imperative.
Kyle Brasseur
Posted inTechnology
Key U.S. regulators join global financial network
The SEC, CFTC, FDIC, and OCC have joined a group of 50 financial authorities from around the world that comprise the Global Financial Innovation Network.
Posted inAccounting & Auditing
Senators call out SEC over PCAOB whistleblower report
A letter sent by two senators addressed to SEC Chairman Jay Clayton critiques the regulator’s oversight of the PCAOB as showing “questionable judgment and an alarming lack of transparency.”
Posted inAML
Bill to expose shell companies passes House vote
A proposed bill to crack down on anonymous shell companies passed a House of Representatives vote Tuesday and will progress to the Senate.
Posted inTechnology
Facebook antitrust probe expands to 47 attorneys general
An antitrust investigation into Facebook led by the New York Attorney General’s office widened with the announcement that 47 attorneys general are now taking part.
Posted inData Privacy
Sen. Wyden introduces ‘strongest-ever’ privacy bill
Sen. Ron Wyden (D-Ore.) has introduced an updated version of his previously drafted data privacy bill that threatens jail time for executives at corporations that misuse Americans’ data.
Posted inAccounting & Auditing
FASB votes to approve standard delays, including CECL
FASB has voted to approve a previously proposed delay to its upcoming rule change for credit losses, in addition to standards for hedging and leasing.
Posted inRegulatory Enforcement
FTC antitrust head to step down
Bruce Hoffman, director of the Bureau of Competition, will depart the Federal Trade Commission in November after more than two years in his position.
Posted inAccounting & Auditing
Ex-PCAOB leader gets prison time for role in KPMG scandal
Former PCAOB Inspections Leader Jeffrey Wada was sentenced to nine months in prison for providing the confidential information central to the long-running KPMG inspections scandal.
Posted inTechnology
Libra springs a leak: Visa, Mastercard, others bail
Visa, Mastercard, and a handful of other companies have followed in the footsteps of PayPal, abandoning the Facebook-led Libra Association amid harsh regulatory criticism surrounding the planned cryptocurrency offering.
