Former Treasury official Michael Barr is President Joe Biden’s leading contender to serve as the vice chairman of banking supervision for the Federal Reserve, according to multiple media reports on Wednesday (April 13) citing unnamed sources with insider information. Get the Full Story Complete the...
Federal Trade Commission (FTC) Chair Lina Khan said on Monday (April 11) that it is time for the agency to “reassess” rules around what data companies can collect from consumers. She called for a new approach to consumer data protection to replace the companies’ privacy...
The U.S. Treasury published a report on Thursday (April 7) titled “The State of Labor Market Competition” that summarized the impact of uncompetitive firm behavior in labor markets. The report discusses how excessive concentration in the market, non-compete agreements or the misclassification of workers may...
The Financial Crimes Enforcement Network (FinCEN) has intensified its fight against money laundering for the last few years. But in this endeavor, the regulator relies on companies to establish solid anti-money laundering (AML) programs to detect illicit conducts and if they don’t have one, they...
Regulators are luring crypto firms with crypto-friendly regulations, or at least, they are trying to do so. The U.K. government announced new plans to bring stablecoins withing a regulatory framework, paving their way for use in the U.K. as a recognized form of payment. In...
The U.S. House and Senate on Thursday (April 7) each passed bills that would remove Russia’s most-favored-nation trade status and ban Russian oil imports as additional sanctions for the country’s ongoing attacks on Ukraine that date back to late February, The Wall Street Journal reported...
Canada on Tuesday (April 5) announced its proposed legislation that would compel platforms like Facebook and Google to negotiate with news publishers and pay them for using their content. By enacting this new legislation, Canada is joining other countries, including Australia, France and Spain, that...
The U.K. Financial Conduct Authority (FCA) revealed on Thursday a three-year strategy plan that will enable the regulator to stop firms that don’t meet their standards from entering in the U.K. markets and “improve outcomes for consumers.” Get the Full Story Complete the form to...
The European Parliament (EP) approved the European Governance Data Act (DGA) on Wednesday with 501 votes to 12. This act aims to increase data sharing among public institutions and companies, create new rules on the neutrality of data marketplaces and facilitate the reuse of certain...
