A broker-dealer settled FINRA charges for failing "to establish, maintain, and enforce a supervisory system reasonably designed to supervise mutual fund and cross-product switches."
In a report on climate-related financial risk, the Financial Stability Oversight Council identified climate change as an emerging and increasing threat to U.S. financial stability.
The CFPB issued a series of orders for the collection of information to Amazon, Apple, Facebook, Google, PayPal and Square regarding how they use personal payments data and manage data access.
The FDIC adopted amendments to incorporate the October 2020 revised community bank leverage ratio rule with the Interagency Guidelines for Real Estate Lending Policies.
A national bank settled CFPB, DOJ and OCC allegations of redlining under the Fair Housing Act, the Equal Credit Opportunity Act and the Consumer Financial Protection Act.
At DC Fintech Week, SEC Chair Gary Gensler raised concerns about how financial technology, specifically machine learning, artificial intelligence, and crypto, disrupts traditional business models.
At a DOJ Cybersecurity Roundtable, Deputy Attorney General Lisa O. Monaco highlighted the national security threats posed by cyber attacks. She underscored the necessity of greater cooperation between the DOJ and private industry.
