Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.
Oscar Gonzalez
Oscar Gonzalez is a freelance writer and editor who covers tech, misinformation, business, and the stock market. He's written for Gizmodo, CNET, TheStreet, CBS, and NBC.
Email: oscar.gonzalez@complianceweek.com
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Posted inRegulatory Enforcement
FTC complaint accuses LA Fitness parent companies of blocking easy membership exits
The Federal Trade Commission filed a complaint against LA Fitness’ parent companies, citing difficulties canceling memberships, a month after a court blocked the agency’s click-to-cancel rule.
Posted inRegulatory Enforcement
SEC charges duo in $275 million water vending machine Ponzi scheme
The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.
Posted inRegulatory Policy
EPA relaunches online portal for thousands of environmental guidance documents
The U.S. Environmental Protection Agency reopened its guidance portal on Wednesday. This online portal is a searchable database of EPA guidance documents, first created during President Donald Trump’s first term and shuttered under the Biden administration.
Posted inAnti-Bribery
DOJ declines to prosecute Liberty Mutual in $4.7M FCPA bribery case
Liberty Mutual agreed to give up $4.7 million in profit – the amount it earned from a bribery scheme uncovered by the government – as part of a settlement related to the Foreign Corrupt Practices Act, according to a letter from the U.S. Department of Justice.
Posted inWhistleblowers
More federal whistleblowers come forward amid government layoffs
As the Trump administration continues to reduce the number of workers at multiple federal agencies, there has been a record number of whistleblowers coming forward.
Posted inRegulatory Enforcement
CFPB could run out of money by fall, report says
The Trump administration declawed the Consumer Financial Protection Bureau from the very beginning of his second term. It now appears the agency might be running out of money.
Posted inRegulatory Enforcement
SEC’s Crypto Task Force hits the road with nationwide roundtables
The Securities and Exchange Commission is taking its pro-crypto messaging on the road, planning a series of events for its Crypto Task Force that will be held across the U.S. starting on Aug. 4.
Posted inRegulatory Enforcement
Trump DOJ fires two antitrust officials amid broader regulatory pullback
The Department of Justice fired two officials who were part of its antitrust division on Monday. The move, reported by CBS News, marks the latest effort from the Trump administration to ease regulations for companies and rollback of antitrust enforcement.
Posted inRegulatory Enforcement
Trump’s firing of FTC commissioner violated federal law, court finds
The firing of a Democrat commissioner of the U.S. Federal Trade Commission by President Donald Trump was illegal, according to a federal judge’s ruling last week.
