The Louisiana State Treasury notified one of its advisers that it will liquidate investments with the adviser by the end of 2022 over concerns the adviser's support of ESG policies would be detrimental to the state's economy.
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In a letter to the DOJ, House Financial Services Committee Ranking Member Patrick McHenry (R-NC) and Republican members of the Digital Asset Working Group asserted that the "Federal Reserve does not have the legal authority to issue a central bank digital currency ('CBDC') absent action from Congress."
A broker-dealer settled FINRA charges for failing to comply with short sale regulations related to close-outs of "fail-to-deliver" positions.
A major pharmaceutical company agreed to settle a qui tam action for improperly influencing doctors to prescribe medications that caused the submission of false claims to Medicare and Medicaid.
A bank settled CFPB charges for unfair and abusive practices by charging overdraft fees on transactions when customers had sufficient funds in their accounts when the transactions were made.