More than 40 S&P 500 companies reported $9.6 billion in tariff refunds in the past quarter or so, with about $2.1 billion in cash already received, The Wall Street Journal reported Thursday (Aug. 13). Some of the companies reporting the biggest refunds so far include...
Watch more: TechReg With Tennessee Attorney General Jonathan Skrmetti For much of modern antitrust history, the largest competition cases have been defined by Washington. State attorneys general joined investigations, supported federal lawsuits and occasionally brought cases of their own, but the Department of Justice and...
The Commodity Futures Trading Commission has invoked its emergency authority to order prediction market Kalshi to continue operating despite a lawsuit by New York seeking to shut down its event contracts. The order marks a sharp escalation of the jurisdictional battle between federal derivatives regulators...
The New York City Council launched an investigation into four prediction markets, The Wall Street Journal (WSJ) reported Wednesday (Aug. 12). The probe centers on the companies’ alleged use of deceptive marketing practices and their targeting of minors, according to the report. City Council Speaker...
The federal government spent years building toward a centralized answer to one of banking’s oldest compliance questions: Who actually owns the company moving the money? Now, much of that answer is disappearing. The U.S. Treasury Department announced on Tuesday (Aug. 11) that its Financial Crimes...
The heads of the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) will continue working to encourage new bank formation, they said in separate statements. The FDIC has implemented a new review process for deposit insurance applications, with...
The White House has ended its ban on the use of TikTok on federal government devices, saying the shift of the app’s U.S. operations to American investors has made it no longer a national security threat, Bloomberg reported Tuesday (Aug. 11). The Office of Management and Budget rescinded the...
The Federal Trade Commission (FTC) has secured a federal court order that temporarily halts what the agency alleges is a bogus credit repair scheme run by Credit Glory, 16 related companies and their five principles, the FTC said in a Monday (Aug. 10) press release....
The Consumer Financial Protection Bureau (CFPB) is moving ahead with a potentially significant rewrite of its open banking regulations. According to a blog post by Ballard Spahr, lifting the current prohibition on banks charging fees to third parties for access to consumer financial data is...