An investment adviser settled SEC charges for conflicts of interest, material misstatements and omissions, supervision violations and reporting violations related to the adviser's activities with special purpose acquisition companies.
News & Insights
At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
A commercial bank settled parallel CFPB and OCC charges for (i) deceptive practices in marketing prepaid debit card program and (ii) deficiencies in its operational and risk management controls.
The Federal Reserve Board approved rule amendments governing funds transfers through FRB's new FedNow℠ interbank settlement service.
The Consumer Financial Protection Bureau and the New York Attorney General filed a Complaint against a U.S.-based international money transfer company for alleged systemic and repeated violations of the Electronic Fund Transfer Act and the Remittance Transfer Rule.