After two months of hand-wringing and criticism from the financial industry and political opponents who feared President Biden’s nominee to oversee the nation’s top banks was too harsh, Saule Omarova’s bid to lead the Office of the Comptroller of the Currency (OCC) was withdrawn Tuesday...
The Financial Crimes Enforcement Network (FinCEN) handed down a Notice of Proposed Rulemaking to “implement the beneficial ownership information reporting provisions of the Corporate Transparency Act (CTA),” according to an agency announcement Tuesday (Dec. 7). Get the Full Story Complete the form to unlock this...
The U.S. Department of Justice (DOJ) is talking to Roblox and other game developers to determine whether Apple’s App Store rules are arbitrarily enforced in a way that harms competitors, The Information reported. Get the Full Story Complete the form to unlock this article and...
Stricter rules and more oversight are needed to curb the risk of bond funds throwing market stability and the runaway growth of decentralized finance (DeFi), the Bank for International Settlements (BIS) said in its December Quarterly Review. Get the Full Story Complete the form to...
Sanctions against Russia by the U.S. are being weighed to deter Russian President Vladimir Putin from launching an invasion into Ukraine, including severing the country from the SWIFT international payment system used by banks worldwide, CNN reported on Monday (Dec. 6), citing sources. Get the...
When I announced the acquisition of the leading global media and content platform on antitrust and competition policy, Competition Policy International (CPI), six weeks ago, I hinted that it was the first of a series of dedicated efforts to expand our platform and content focus...
An Amazon attorney told European Union officials that the eCommerce giant has received no corrective action guidance from EU regulators on how to comply with a July order to pay a privacy fine of 746 million euros (about $844 million) and therefore should not be...
Predicting the Consumer Financial Protection Bureau’s agenda for 2022 based on this year’s rulemaking isn’t quite as easy this year, as the bureau was without a permanent director until mid-October, when Rohit Chopra was sworn in. Get the Full Story Complete the form to unlock...
In recent weeks, the European Union has slapped hefty fines on some of the world’s largest technology companies while putting in place rules to limit how Big Tech companies like Amazon, Apple, Facebook, Google and Microsoft stifle competition with anticompetitive practices. Get the Full Story...