By Aaron Nicodemus2025-06-26T15:37:00
Bank examiners at the Federal Reserve Board will no longer assess reputational risk during examinations, a concession to the banking industry already underway with two other U.S. regulators.
The Fed announced the change Monday, saying that references to reputational risk will be removed from all supervisory materials, including examination manuals. References to reputational risk will be replaced, the Fed said, with “more specific discussions of financial risk.”
In dropping reputational risk from examinations, the Fed joined the Treasury’s Office of the Comptroller of the Currency (OCC), which made a similar announcement in March, while leaders within the Federal Deposit Insurance Corporation (FDIC) have indicated the agency will follow the trend.
2025-07-16T20:13:00Z By Oscar Gonzalez
The U.S. Department of Labor scaled back OSHA penalties for small businesses and limited use of the general duty clause as part of the Trump administration’s deregulation agenda.
2025-07-16T20:11:00Z By Oscar Gonzalez
Delta Air Lines agreed to pay $8.1 million over allegations it violated the False Claims Act by exceeding employee compensation limits it agreed to when taking federal pandemic aid money.
2025-07-15T20:11:00Z By Oscar Gonzalez
The U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) reportedly ended two investigations into Polymarket, a popular online crypto betting service that calls itself a “prediction market.” The move continues the Trump administration’s pro-crypt agenda.
2025-05-29T16:07:00Z By Aaron Nicodemus
Corporate governance is, all too often, handed down from generation to generation. Like a well-worn jacket, it works great—until it doesn’t. Typically, it is a crisis that forces companies to reassess their corporate governance framework, as gaps are filled and poor policies rewritten. But it doesn’t have to be that ...
2025-03-10T20:56:00Z By Adrianne Appel
The public reported a 25 percent increase in losses–totaling more than $12.5 billion in 2024–to investment scams, tech rip-offs, and general fraud, according to an analysis by the Federal Trade Commission.
2025-01-08T17:13:00Z By Jeff Dale
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
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