All Compliance Week articles in Web Issue – Page 375
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Article
Orange to acquire cyber-security firm SecureLink
French multinational telecommunications company Orange announced the signing of an agreement to acquire European cyber-security firm SecureLink for €515m (U.S. $576 million).
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Article
Former SEC Commissioner Kara Stein joins IEX board
Former SEC Commissioner Kara Stein has joined the board of directors of the Investors Exchange.
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CBS initiates new anti-harassment policies
CBS Studios has initiated new policies it says will ensure the network is “a safe, fair, and inclusive place to work.”
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France Telecom execs on trial over employee suicides
The trial has begun for seven former France Telecom executives, who stand accused of implementing a severe cost-cutting regime that resulted in the suicides of dozens of employees.
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ArticleCFPB proposes debt collection rule changes
Proposed regulations to renew the Fair Debt Collection Practices Act include unlimited texting and e-mail in collection efforts.
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Article
Commerce slices into Mexican tomato imports
The U.S., mired in a countdown to additional Chinese tariffs, will impose a 17.5 percent tariff on Mexican tomato imports beginning Tuesday. Shortages and spiking prices are predicted.
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ArticleSome companies are ready for CECL, some are not
Citigroup raised its expected loan loss reserves under CECL as it prepares for parallel testing of its methodology, but plenty of organizations have barely started.
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Article
Shell compliance officer joins Nestlé as general counsel
Nestlé has appointed Leanne Geale as executive vice president and general counsel, and she will serve as a member of Nestlé’s executive board, effective Aug. 1. In this role, she will oversee the company’s legal and compliance functions.
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Office Depot appoints chief accounting officer
Office Depot has appointed Richard Haas as chief accounting officer, effective June 14. He will replace Scott Kriss, who informed the company of his decision to resign.
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ArticleAudit committees get some help overseeing CECL
The Center for Audit Quality is giving audit committees a hand in overseeing implementation of the new credit losses standard.
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ArticleGillibrand touts bill to protect against credit lending discrimination
The Protections in Consumer Lending Act is intended to protect against discrimination when consumers apply for different types of credit.
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Article
Senators chide slow-acting FTC over Facebook fine
With reports that the FTC is still negotiating penalties for Facebook’s breach of a privacy-related consent order, Senators Josh Hawley and Richard Blumenthal urged the agency to “act swiftly to conclude its investigation.”
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ArticleAs it cleans house, FTC spares a popular rule
The FTC has announced the completion of its review of the Holder in Due Course Rule (Holder Rule), a protection for consumers who purchase goods and services using credit obtained through a merchant or by a lender who works with a merchant.
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Article
FTC cracks down on Ukrainian dating apps
The FTC has removed dating apps from Apple’s App Store and Google’s Google Play Store following allegations they allowed children as young as 12 to access them.
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ArticlePCAOB inspectors find recurring problems, but evidence of effort
Auditors are still struggling with many of the same issues that have appeared prominently in inspection reports the past several years—but many firms are taking steps to address recurring problems, audit regulators say.
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ArticleTRACE: How the GDPR interferes with anti-corruption compliance
Anti-bribery business association TRACE has submitted its overview of new issues that have emerged in the fight against foreign bribery due to implementation of the EU’s General Data Protection Regulation.
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ArticleSEC charges GT Advanced Technologies with fraud
GT Advanced Technologies is in trouble with the SEC for misleading shareholders about its ability to provide sapphire glass to Apple for its iPhones.
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ArticleStudy: Firms pay more than $2K per employee for cyber-security
The cost breakdown of cyber-security for financial institutions is just one of the challenges facing firms.
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ArticleSEC proposes new disclosures for acquisitions, dispositions
The SEC has proposed steps to improve the information investors receive regarding the acquisition and disposition of businesses.
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Article
Citing misconduct in procurement, Kraft will restate
Kraft Heinz will restate nearly three years of financial results after determining employee misconduct in procurement caused a net $208 million misstatement in product costs.