GRC Report Staff

The Federal Energy Regulatory Commission (FERC) has been busy. In just two weeks, the agency authorized natural gas expansions in Pennsylvania, issued hydropower licenses across New Hampshire and Minnesota, advanced LNG projects along the Gulf Coast, and sharpened cybersecurity rules for the bulk power system — all while defending its decisions in court and auditing some of the nation’s largest utilities.

For years, Malta’s beneficial ownership reporting regime has kept a watchful eye on professional trustees. Now, the net has widened. Private trustees, the individuals who quietly manage trusts outside of a professional setup, are being pulled into the same regulatory framework, with new obligations that promise to shake up how transparency in the sector is enforced.

California has finalized a new set of privacy regulations that expand requirements for cybersecurity audits, risk assessments, and the use of automated decisionmaking technology (ADMT). The California Privacy Protection Agency (CPPA) confirmed on September 23 that the Office of Administrative Law has approved the rules, concluding years of debate and public input.

In what officials are calling a landmark victory for consumers, the Federal Trade Commission (FTC) has extracted a historic $2.5 billion settlement from Amazon over allegations that the e-commerce giant misled millions into unwanted Prime subscriptions and intentionally made it difficult to cancel them.

California Attorney General Rob Bonta has joined a coalition of 17 other state attorneys general in urging a federal court to reject Capital One’s proposed $425 million settlement in a multidistrict class action, arguing that it does not adequately compensate consumers who lost nearly $3 billion in potential interest earnings.

France’s markets watchdog has come down hard on Altaroc Partners, handing the asset management firm and two of its top executives fines totaling €1.3 million after uncovering a pattern of governance and compliance missteps.

Swiss and British regulators are tightening the knot on financial services cooperation, giving markets and clients a clearer sense of what to expect as cross-border rules evolve.