The Office of the Comptroller of the Currency (OCC) has terminated a March 2024 consent order against JPMorgan Chase Bank that involved the bank’s trade surveillance program. The OCC issued the Order Terminating the Consent Order on March 30 and announced it in a Thursday...
The Office of the Comptroller of the Currency (OCC) issued a consent order against Chicago-based The Federal Savings Bank on April 2, requiring the bank to correct alleged deceptive acts or practices. The OCC said in a Thursday (April 16) press release that it found that The Federal Savings Bank’s deceptive acts or practices...
Sports gambling platforms have contributed $41 million to a new federal super political action committee (PAC) this year, Bloomberg reported Wednesday (April 15), citing filings from the Federal Election Commission. FanDuel gave $19.5 million; DraftKings’ parent company, $17.5 million; and Fanatics Sportsbook, $4 million, according...
Live Nation will continue to fight an antitrust case brought by a coalition of states after a jury ruled against the company Wednesday (April 15). “The jury’s verdict is not the last word on this matter,” the company said in a statement posted Wednesday. A...
The Federal Trade Commission (FTC) and eight states have reached a settlement with three advertising agencies that they accused of unlawfully colluding on the placement of digital ads. According to the FTC’s complaint, beginning in 2018, ad agencies WPP, Publicis and Dentsu operated through trade...
The Treasury Department has been holding one-on-one meetings with private credit leaders for months and is now asking for written responses to its requests for data, Punchbowl News reported Wednesday (April 15), citing unnamed sources. Through these efforts, Treasury is seeking information about private credit firms’ business models and...
A Court of International Trade judge said Tuesday (April 14) that the U.S. government expects to begin processing claims for refunds from tariffs on Monday (April 20), The Wall Street Journal reported Tuesday. The government confirmed this plan in a closed conference and said it...
Real-time clearing and embedded banking provider ClearBank has become a Crypto Asset Service Provider (CASP) under the European Union’s Markets in Crypto-Assets Regulation (MiCA). ClearBank received regulatory confirmation from the Dutch Authority for the Financial Markets (AFM), allowing it to begin offering digital asset services, the company said in a Thursday (April 9) press release....
The Federal Reserve wants America’s biggest banks to share details about their private credit exposure. That’s according to a report Friday (April 10) from Bloomberg News, which cited sources familiar with the matter who say the request comes after a wave of redemption from the...