Gao news and trends

SEC Staffing Levels Dip 18% Under Trump
Legal & Regulation // March 29, 2026

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...

US Government Shuns Checks as GAO Highlights $43 Billion in Card Payments
Digital Payments // June 03, 2025

In March, President Donald Trump signed an executive order that mandated a shift away from paper checks for government-related transactions. Disbursements from federal agencies, payments to those agencies and transactions across supply chains will be done via direct deposit, debit and credit cards and electronic...

Report: Federal Financial Regulators Should Ensure Protection of Personal Data
Legal & Regulation // January 14, 2022

A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as documenting how they minimized IT systems’ collection and use of such data. In the 49-page report “Federal Financial Regulators Should...

GAO Report Suggests Tightening Regulations on Crypto ATMs 
Cryptocurrency // January 12, 2022

As regulators worldwide consider ways to police cryptocurrency, the U.S. reports use of crypto payments to enable illegal human and drug trafficking is on the rise. In its 80-page report “Virtual Currencies: Additional Information Could Improve Federal Agency Efforts to Counter Human and Drug Trafficking,”...

Quick Reads
Feds Say Banking Agencies Have Trouble Uncovering Outdated Rules

July 28, 2026
In 1996, Congress passed legislation requiring banking agencies to address unneeded regulatory burdens. Thirty years later, it is difficult to tell if the efforts behind the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) have been effective, the Government Accountability Office (GAO) said in a recent report. “For example, agencies don’t have documented procedures for […]

SEC Staffing Levels Dip 18% Under Trump

March 29, 2026
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: Federal Financial Regulators Should Ensure Protection of Personal Data

January 14, 2022
A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as documenting how they minimized IT...

GAO Report Suggests Tightening Regulations on Crypto ATMs 

January 12, 2022
As regulators worldwide consider ways to police cryptocurrency, the U.S. reports use of crypto payments to enable illegal human and drug trafficking is on the rise. In its 80-page report...