The Federal Trade Commission (FTC) said Wednesday (Jan. 15) that a proposed settlement order will require web hosting company GoDaddy to improve its information security program. The regulator alleged in a complaint that GoDaddy failed to implement “reasonable and appropriate” security measures and that it...
The Office of the Comptroller of the Currency (OCC) has completed the enforcement actions it pursued against 11 former Wells Fargo senior bank executives. Three enforcement actions announced Tuesday (Jan. 14) stem from administrative litigation that began with the OCC’s Notice of Charges filed in January 2020, and were...
The European Commission is reportedly reconsidering its investigations into U.S. tech giants as U.S. President-elect Donald Trump is set to take office next week. The Commission’s review encompasses all the cases launched since March under European Union (EU) digital markets regulations — including those targeting...
The U.S. government’s impending ban on certain car parts from China and Russia, particularly those critical for connectivity and vehicle autonomy, is raising concerns across the automotive industry. Automakers, including General Motors, Toyota, Hyundai and Volkswagen, are calling for a delay in the rule’s enforcement, citing...
Since Jan. 1, the U.K.’s Competition and Markets Authority (CMA) has been granted new powers to regulate digital markets, investigate firms, impose remedies and enforce sanctions. The newly introduced Digital Markets, Competition and Consumers Act (DMCC) closely aligns with the European Union’s Digital Markets Act,...
The Securities and Exchange Commission (SEC) said Monday (Jan. 13) that two Robinhood broker-dealers have agreed to pay $45 million in combined civil penalties to settle charges that they failed to observe a “broad array” of regulatory requirements. Robinhood Securities agreed to pay a $33.5...
The Federal Trade Commission (FTC) is reportedly preparing to sue real estate development and property management firm Greystar Real Estate Partners, alleging that the company charged tenants hidden fees. The regulator’s civil lawsuit is expected to allege that Greystar did not properly disclose fees for...
Coinbase reportedly told customers that it may have to share data demanded by the Commodity Futures Trading Commission (CFTC). The regulator has sent a subpoena to the firm that seeks information about Coinbase customers’ interactions with prediction market firm Polymarket, CoinDesk reported Thursday (Jan. 9),...
The House Financial Services Committee has chosen leadership with an eye toward digital asset regulation. Rep. French Hill (R-Ark.) announced the new appointments Thursday (Jan. 9), promising to “right-size the regulatory system for particularly community banks,” and “create a regulatory framework for digital assets that will protect investors and consumers.”...
