All Compliance Week articles in Web Issue – Page 820
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Article
CFPB Proposes New Rules for Prepaid Cards, Mobile Payments
Banks, retailers, online services, and others that issue prepaid cards to consumers will soon have some new rules to follow, including the need to conduct “ability to repay” assessments if they offer credit options. The rules, proposed by the Consumer Financial Protection Bureau, could also bring new regulations to mobile ...
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Article
Behind the Latest Push to Win Proxy Access for Shareholders
Image: Title: StringerThree years after a lawsuit scuttled the SEC’s proxy access rule, a new push is underway to give shareholders the right to nominate directors directly on the proxy. New York City Comptroller Scott Stringer, on behalf of the $160 billion New York City pension funds, recently submitted proxy ...
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ArticleAre Your Business Partners Letting the Hackers In?
For Target, it was a heating and air conditioning company. At a large oil company it was a nearby Chinese restaurant. Hackers increasingly use third-party relationships to gain access to computer networks and steal data. The trend means that companies need to conduct even better due diligence on third-party relationships ...
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Blog
HSBC Private Bank Pays $12.5 Million for Providing Unregistered Services to U.S. Clients
HSBC’s Swiss-based private banking arm agreed today to pay $12.5 million to Securities and Exchange Commission for violating federal securities laws by failing to register with the SEC before providing cross-border brokerage and investment advisory services to U.S. clients. “HSBC Private Bank’s efforts to prevent registration violations ultimately failed, because ...
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Blog
Caldwell: Advances in Global Anti-Corruption Efforts
Image: Title: CaldwellU.S. regulators increasingly are collaborating with foreign governments to fight bribery and corruption on a global scale, advancing the Justice Department’s efforts to uncover and prosecute violations of the Foreign Corrupt Practices Act. “Every day, more countries join in the battle against transnational bribery,” said Leslie Caldwell, assistant ...