Regulatory Enforcement


ftc legal

News Brief

Trump’s firing of FTC commissioner violated federal law, court finds

2025-07-21T18:54:00+01:00By

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.

U.S. sanctions

News Brief

Interactive Brokers to pay $11.8M to settle thousands of U.S. sanction violations

2025-07-18T16:33:00+01:00By

A brokerage and investment firm will pay $11.8 million for providing services to individuals under U.S. sanctions, as well as people located in countries sanctioned by the U.S.

delta

News Brief

Delta to pay $8.1 million over False Claims Act violations tied to pandemic aid

2025-07-16T20:11:00+01:00By

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.

FTC

News Brief

Congress introduces bipartisan Unsubscribe Act after FTC Click-to-Cancel setback

2025-07-16T13:21:00+01:00By

Two senators introduced a bipartisan bill to create new rules for subscription-based businesses, aiming to increase transparency and fairness after a federal judge blocked the Federal Trade Commission’s “click-to-cancel” rule from nearly two years ago.

DOJ

News Brief

DOJ and CFTC close investigations into crypto betting platform Polymarket, report says

2025-07-15T20:11:00+01:00By

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.

AI_data_privacy

Article

U.K. hopes to create ‘third way’ in AI regulation between EU and U.S.

2025-07-15T18:13:00+01:00By

The U.K.’s data regulator has unveiled a new enforcement approach to AI development and usage that experts say seeks to carve a middle way between the strict rules applied by the European Union (EU) and the pro-industry, light-touch regime favored by the U.S.

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News Brief

FTC fines telehealth firm over deceptive weight-loss claims and fake reviews

2025-07-14T20:27:00+01:00By

The U.S. Federal Trade Commission said it has settled with telemedicine service Southern Health Solutions, Inc. over allegations the company used deceptive pricing and weight-loss claims, along with fake reviews and testimonials, to sell its weight-loss programs.

fca

Article

U.K. extends bullying and harassment rules to 37,000 financial services firms

2025-07-14T15:36:00+01:00By

Serious bullying and harassment count as misconduct in regulated financial services firms, per a July 1 clarification by the U.K. Financial Conduct Authority, which said non-financial misconduct rules now applied only to banks will extend to 37,000 more firms starting September 1, 2026.

aug19

Webcast

Aug 19 | Navigating Evolving Regulations: Key Insights for Compliance Leaders

2025-07-12T19:36:00+01:00Provided by

This webinar tackles the current legal landscape head-on, giving compliance officers a practical lens on the latest developments impacting your oversight responsibilities.

T-Mobile

News Brief

DOJ clears $4.4 Billion T‑Mobile acquisition of UScellular

2025-07-11T21:14:00+01:00By

The U.S. Department of Justice arppoved T-Mobile’s acquisition of competitor UScellular. The move came a day after T-Mobile announced it had dropped its diversity, equity, and inclusion programs, a frequent target for Trump’s administration.

Robinhood crypto

News Brief

Florida alleges that Robinhood Crypto’s fee disclosures are inaccurate

2025-07-11T19:43:00+01:00By

The state of Florida is investigating Robinhood Crypto for falsely claiming it charges the lowest fees for processing crypto transactions.

CVS

News Brief

CVS hit with nearly $1 billion fine in Omnicare false claims verdict

2025-07-09T18:02:00+01:00By

CVS has vowed to appeal $948.8 million in fines and damages imposed by a judge Tuesday on its Omnicare unit, for billing Medicare for tens of thousands of false claims.

aug26

Webcast

Aug 26 | Risky Business: Navigating Compliant Innovation Amid Deregulation

2025-07-09T15:59:00+01:00Provided by

The compliance landscape has entered unprecedented territory, characterized by what industry experts describe as “deregulation on top of deregulation” – a dangerous departure from the traditional regulatory cycle that historically provided stability and clear guidance.

iran_sanctions_web

News Brief

OFAC fines Harman Industries $1.4M for violating U.S. sanctions on Iran

2025-07-09T14:31:00+01:00By

A Connecticut-based audio electronics company will pay a $1.4 million fine for violating U.S. sanctions, after middle managers at a foreign distributor knowingly diverted the company’s products to Iran.

Bank AML

News Brief

FCA fines Monzo digital bank $28 million for AML, KYC failures

2025-07-08T20:09:00+01:00By

Britain’s Financial Conduct Authority has fined the online bank Monzo the equivalent of more than $28 million for failing to properly collect customer information and protect against financial crimes. The move is the latest in a series of efforts by British authorities to combat chronic money laundering and other crimes ...

discover_Web

Premium

In 17 years, Discover Financial never managed to clean up a billion dollar mess

2025-07-08T19:50:00+01:00By

Federal banking regulators have laid the blame for Discover Financial Services charging merchants $1 billion in excessive credit card fees over 17 years squarely at the feet of company executives.

navy_federal_credit_union

News Brief

CFPB drops $95M enforcement action against Navy Federal, without explanation

2025-07-07T19:02:00+01:00By

The Consumer Financial Protection Bureau has dropped a $95 million enforcement action against Navy Federal Credit Union, the latest regulatory pullback by the agency under President Donald Trump.

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Article

FCA drops ‘naming and shaming’ approach – except in ‘exceptional circumstances’

2025-07-07T17:45:00+01:00By

The UK’s financial regulator has had a rough ride over the past couple of years as its strategy to “name and shame” firms it opened investigations into was widely slammed by the industry and lawmakers over concerns that companies could be unfairly maligned.

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News Brief

Atkins says SEC to embrace innovation, criticizes regulatory uncertainty around tokenization

2025-07-07T17:15:00+01:00By

SEC Chair Paul Atkins pointed to the growth of tokenized shares as a key development reshaping private markets, suggesting the agency is preparing to update its rules to keep pace with new forms of digital asset trading and settlement.

MedicalBilling

News Brief

DOJ targets $14.6B in health care fraud with focus on transnational crime

2025-07-02T18:31:00+01:00By

Emerging enforcement priorities of the U.S. Department of Justice’s health care fraud division align with the Trump administration’s emphasis on prosecuting transnational criminal organizations and ending opioid trafficking.

SEC office

News Brief

DOGE targets SPAC oversight under SEC, report says

2025-07-01T23:39:00+01:00By

The Department of Government Efficiency (DOGE) has a new target, and this time it won’t be just firing federal workers. The agency formed by Tesla CEO Elon Musk at the start of the Trump administration wants to roll back more regulations.

FTC

News Brief

FTC raises antitrust concerns over $1.57B Circle K deal, orders divestitures

2025-07-01T23:26:00+01:00By

Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.

CPSC

News Brief

Judge reinstates fired CPSC commissioners in latest battle over government cuts

2025-06-25T16:29:00+01:00By

In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.

uk fraud

Premium

UK’s Failure to Prevent Fraud law may expose firms to unlimited fines and prosecution, says Moody’s compliance risk expert

2025-06-19T19:28:00+01:00By

Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.

DOJ building

Article

DOJ wants less monitoring, more self-disclosure and fine reductions, Galeotti says

2025-06-17T15:17:00+01:00By

The Criminal Division of the Department of Justice, continuing its aggressive, pro-business stance, has revamped key, white-collar crime enforcement policies, including clarifying fine reductions in its self-disclosure program and curbing its use of monitorships.

crypto enforcement

Article

Crypto firms brace for tighter UK oversight as FCA plots integration with financial markets

2025-06-16T18:04:00+01:00By

Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned ...

GDPR EU flag

Article

Seven years in, GDPR faces growing challenges from AI and ‘consent or pay’ models

2025-06-12T15:51:00+01:00By

Europe’s pioneering data protection legislation turned seven years old in May, but the compliance and enforcement difficulties that have dogged the rules since they came into force look set to present both companies and data regulators with fresh headaches for some time to come.

Russian money

News Brief

DOJ charges crypto executive with laundering $530M for sanctioned Russian banks

2025-06-11T15:12:00+01:00By

The Department of Justice has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.

ai washing

Article

What is AI washing and why companies need to stop exaggerating their AI prowess

2025-06-09T15:18:00+01:00By

The buzz around generative AI has reached fever pitch over the past few years—to such an extent that it’s practically a death knell for any company to say it’s not investing massively in gen AI to transform their business. There’s only one problem: many companies are either being misleading or ...

SEC office

News Brief

SEC Chair Atkins signals end to ‘regulation by enforcement’ in line with Trump’s pro-crypto agenda

2025-06-07T01:41:00+01:00By

The Securities and Exchange Commission Chair Paul Atkins explained his agency’s shift on cryptocurrency regulation to a Senate committee as legislators bargain over President Donald Trump’s “One Big Beautiful Bill” and the GENIUS Act, which would have the federal government invest heavily in cryptocurrency.

Trump

Premium

Supply chain disruptions caused by Republican policies should be managed

2025-06-05T14:57:00+01:00By

If you’re in third-party risk management, handling the latest disruptions brought on by wild gyrations in tariff rates and export control rules by Republican leadership ought to be child’s play.

CW_2025_TPRM_SUMMIT_DAVID_BRENDAN_HALL_F62C33C4-3003-40C8-8413-DBC26257F3AB

News Brief

Communication and relationships is increasingly critical for compliance teams

2025-06-04T20:56:00+01:00By

Compliance is increasingly in the spotlight as companies are tackling everything from artificial intelligence and other new technologies to risk management and mitigation. But it’s soft skills of communication and relationship building that are becoming the most critical tools for success.

finfluencers

Article

U.K. reins in crypto firms to combat ‘scandal’ of freewheeling finfluencers

2025-06-04T15:24:00+01:00By

Up to 25,000 people a year in the U.K. are illegally promoting financial products or offering financial advice on social media, but none have yet appeared in court, according to the first Treasury Select Committee meeting on the subject of so-called “finfluencers.” Regulated financial services firms must comply with strict ...

ESG

News Brief

ESG goes beyond politics: Vendor management, forced labor, sustainability

2025-06-03T19:45:00+01:00By

ESG is no longer in vogue. But its issues still are.

CW_2025_TPRM_SUMMIT_DAVID_BRENDAN_HALL_E4F5AEEA-8315-48C1-91C5-0726E97921BA

News Brief

In a world filled with uncertainty, boards need to focus on connecting dots

2025-06-03T17:37:00+01:00By

Regulators and investors increasingly say boards of directors need more expertise to ensure they can respond to fast-changing politics, policy, and technology that threaten to undermine their businesses. In the U.K., government officials say boards need to think more about cyber. In the EU, they need to prepare for the ...

Crypto coins

Basic Page

SEC drops Binance lawsuit as Trump admin continues reshaping crypto enforcement

2025-05-30T17:14:00+01:00By

The Securities and Exchange Commission dropped its case against cryptocurrency exchange Binance, just the latest in a string of dismissals that highlight the SEC’s change of course under the crypto-friendly Trump administration.

AdobeStock_1323909767

Premium

UK regulator’s efforts to coax self-reporting fraud could fall flat, experts warn

2025-05-29T13:25:00+01:00By

To both clean up corporate behaviour and rack up its own enforcement record, the UK’s anti-bribery agency has seemingly largely guaranteed companies a pass from prosecution if they spill the beans on their misconduct. There’s only one problem: experts believe businesses may still stand a better outcome if they front ...

CPSC

News Brief

CPSC firings spark legal fight as Trump continues ousting independent officials

2025-05-23T16:19:00+01:00By

Three former commissioners of the Consumer Product Safety Commission who were fired by President Donald Trump earlier this month have filed a lawsuit against the government over their dismissal. The move joins many more court battles over Trump’s sudden slashing of government agencies, which some courts have deemed illegal, blocking ...

phone with financials

Premium

Why tight controls matter for financial content on social media, says FPC’s O’Shaughnessy

2025-05-23T15:49:00+01:00By

Financial Planning Corporation is a regulated financial planning firm founded 40 years ago, gaining coveted Chartered status in 2008. As the U.K. financial regulator, the FCA promises to clamp down on unregulated “finfluencers” on social media. Moira O’Shaughnessy, managing partner and head of risk and compliance at FPC, explains why ...

Crypto scam

Basic Page

Unicoin defrauded investors through future crypto token scam, SEC alleges

2025-05-22T15:46:00+01:00By

The Securities and Exchange Commission has charged cryptocurrency company Unicoin, three top executives, and its general counsel with defrauding investors of $110 million by selling them bogus “rights certificates” in a future cryptocurrency coin.

FTC

News Brief

FTC orders GoDaddy to upgrade cybersecurity defenses following three breaches

2025-05-22T14:37:00+01:00By

The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.

FTC

News Brief

FTC shuts down student loan firms over deceptive debt relief practices

2025-05-20T12:30:00+01:00By

The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.

Digital crypto

News Brief

Coinbase faces a leftover SEC probe as crypto enforcement loses steam

2025-05-16T19:24:00+01:00By

After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...

Capital One

News Brief

States like New York, Pennsylvania stepping up to fill regulatory void left by federal agencies

2025-05-16T14:16:00+01:00By

As the Consumer Financial Protection Bureau steps back from its core mission of protecting American consumers, states like New York and Pennsylvania are stepping up to fill the regulatory void.

U.S. crypto

News Brief

SEC Chair Atkins advances Trump’s pro-crypto efforts, promising first market rules

2025-05-13T18:42:00+01:00By

The head of the Securities and Exchange Commission promised new sets of rules around cryptocurrency assets, saying his team intends to lay out regulatory frameworks around custody and “qualified custodians,” as well as guidelines around issuing and trading. The expected move marks the latest step in the U.S. government’s embrace ...

FTC

News Brief

FTC pushes back timeline for ‘Click to Cancel’ Rule, raising compliance questions

2025-05-13T14:56:00+01:00By

The Federal Trade Commission was set to begin enforcement of the “click to cancel” rule on May 14, but a new announcement from the agency pushed that date to July 14. As is the case with many of the regulatory decisions by the Trump administration, it’s unclear whether the agency ...

Morgan Stanley3

News Brief

SEC drops Morgan Stanley cash sweep case: Sign of the times?

2025-05-08T21:43:00+01:00By

A decision by the Securities and Exchange Commission to close an investigation into the cash sweep program at Morgan Stanley may affect decision-making at other financial institutions under similar scrutiny.

AdobeStock_535275855_Editorial_Use_Only

News Brief

Buy now, pay later firms catch a break as CFPB backs off enforcement

2025-05-07T20:31:00+01:00By

The U.S. Consumer Financial Protection Bureau (CFPB) signaled a softer regulatory approach last month, easing its investigation of financial firms following the U.S. government’s broader efforts under President Donald Trump to scale back regulatory enforcement on businesses. The agency reaffirmed this pivot as it will ease scrutiny of “Buy Now, ...

FinCEN logo 300x200

News Brief

FinCEN proposes bar on Cambodian company due to alleged money laundering

2025-05-06T22:57:00+01:00By

A Cambodian financial company, the Huione Group, has laundered billions of dollars for international criminals and those linked to North Korea, according to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The agency proposes that the company should be severed from having access to the U.S. financial ...

Credit Suisse

News Brief

UBS to pay $511 million fine over Credit Suisse tax case, exposing compliance gaps

2025-05-06T20:44:00+01:00By

A significant settlement in a U.S. tax fraud case against Credit Suisse contains numerous compliance lessons related to beneficial ownership and due diligence in mergers and acquisitions.