The Labor Department’s Employee Benefits Security Administration (EBSA) issued a proposed regulation Monday (March 30) that it said would expand access to alternative investments in 401(k) plans. The proposed rule would clear regulatory burdens and lower litigation risks for prudent fiduciaries, thereby increasing the number...
The National Football League is urging prediction market platforms not to offer event contracts that it describes as “objectionable bets,” CNBC reported Monday (March 30). In a letter sent to companies that are registered with the Commodity Futures Trading Commission (CFTC) and offer NFL trades,...
The Federal Trade Commission (FTC) has announced a proposed settlement that will prohibit OkCupid and Match Group Americas from misrepresenting their privacy policies. The proposed settlement results from the FTC’s allegations that OkCupid shared users’ personal information, including photos and location information, with an unrelated...
Staffing levels at the SEC have declined nearly 20% since 2025, new government data shows. That drop is due to attrition and the White House’s job-cutting efforts, according to a report on the Securities and Exchange Commission (SEC) released Friday (March 27) by the Government...
Washington state sued Kalshi Friday (March 27), alleging that the company’s prediction market is, under the state’s definition, a betting platform that enables illegal gambling. The complaint argues that Kalshi violates the state’s Gambling Act and Consumer Protection Act, the Washington State Office of the...
A House Financial Services subcommittee hearing examined how much uncertainty banks must absorb as regulators overhaul their approach in real time. Subcommittee Chairman Bryan Steil, R-Wisc., framed the stakes in his opening remarks. “The question before us is not whether this transformation will continue. It...
The FTC has written four payment companies warning them not to deny service to customers based on political/religious beliefs. The Federal Trade Commission’s (FTC) “warning letters” were sent to Visa, Mastercard, PayPal and Stripe on Thursday (March 26), citing “publicly reported” instances of customers being...
The United Kingdom’s Financial Conduct Authority (FCA) plans to encourage innovation in payments this year by supporting the expansion of open banking, modernizing payments regulation, and exploring stablecoins and other tokenized payment instruments. “We expect the payments sector to continue developing, driven by innovations that...
There could be more settlements of lawsuits alleging that social media companies design their platforms to be addictive following the success of such a lawsuit in a California court on Wednesday (March 25), The Wall Street Journal reported Wednesday. In this case, a jury determined...