DOJ Assistant Attorney General of the Antitrust Division Jonathan Kanter proposed strategies to combat anticompetitive practices in the digital economy.
CFPB Director Rohit Chopra asserted that large entities are often indifferent to financial penalties and simply treat them as a cost of doing business.
A Hong Kong-based offshore trading and cross-border financing company settled its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations.
The Committee on Foreign Investment in the United States extended by one year the effective date for one of the criteria under the definitions of "Excepted Foreign State" and "Excepted Real Estate Foreign State."
The New York Attorney General recommended safeguards to defend against "credential stuffing" after an investigation found widespread cyberattacks impacting more than 1.1 million consumers.
The U.S. District Court for the Eastern District of Washington approved a Consent Order in a CFTC action against a cattle supplier who allegedly made false representations to the Chicago Mercantile Exchange "concerning its cattle inventory, purchases, and sales" and violated exchange-set position limits.
The CFPB ordered five companies to provide information regarding their "buy now, pay later" credit programs. The CFPB expects to publish findings on the risks of these programs concerning accumulation of debt, regulatory arbitrage and data harvesting.
The CFPB reopened the comment period for an inquiry into how Amazon, Apple, Facebook, Google, PayPal and Square use personal payments data and manage data access.
In testimony before the House Financial Services Committee and the Senate Banking Committee, CFPB Director Rohit Chopra prioritized (i) stimulating competition in the consumer financial markets, (ii) action against repeat offenders of agency and court orders, and (iii) restoring relationship banking to protect consumers "in an era of big data."
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.
