GRC Report Staff

For the residents of Artesia, New Mexico, clean air has been a long time coming. Years of living in the shadow of HF Sinclair Navajo’s refinery—grappling with elevated benzene levels and smog-inducing emissions—have taken their toll on a community already bearing more than its fair share of pollution. But now, thanks to a recent settlement brokered by the Department of Justice (DOJ), the Environmental Protection Agency (EPA), and the New Mexico Environment Department (NMED), there’s a renewed promise of relief.

For many consumers, credit reports are the gatekeepers of opportunity. They determine whether someone can buy a home, secure a loan, or even get a job. But what happens when that gatekeeper stumbles—repeatedly? Enter Equifax, one of the nation’s largest credit reporting agencies, now facing a $15 million civil penalty from the Consumer Financial Protection Bureau (CFPB) for its botched handling of consumer disputes.

During the height of the COVID-19 pandemic, the Paycheck Protection Program (PPP) was more than just financial aid—it was a lifeline for small businesses fighting to survive. But for Unified Care Services LLC, a chain of skilled nursing facilities based in Torrance, California, it became the focal point of an $18 million settlement for alleged fraud. This case serves as a sobering reminder of the consequences when businesses misuse taxpayer-funded programs meant to provide relief.

The Securities and Exchange Commission (SEC) has recently announced settlements with Wells Fargo and Merrill Lynch over compliance failures related to their cash sweep programs. Combined, the firms will pay $60 million in civil penalties.

The Securities and Exchange Commission (SEC) is taking a tough stand against Two Sigma Investments LP and Two Sigma Advisers LP, two major New York-based investment advisers, for neglecting to fix known vulnerabilities in their investment models, resulting in potential harm to clients. The SEC’s order also highlights a disturbing breach of whistleblower protections that puts a dark cloud over the firm’s reputation.

It’s the kind of scenario that sounds like a privacy nightmare. You’re driving your car, thinking you’re just using a standard service like navigation or emergency assistance, only to later discover that every movement you make—your precise location, your driving behavior—has been quietly tracked and sold without your knowledge or consent. That’s exactly what the Federal Trade Commission (FTC) is accusing General Motors (GM) and its OnStar service of doing.

American Express Company (AMEX) has agreed to pay an estimated $230 million to resolve legal claims arising from deceptive marketing practices and false tax advice related to its Payroll Rewards and Premium Wire products. The multi-faceted settlement includes both civil and criminal resolutions with the U.S. Department of Justice (DOJ), the U.S. Attorney’s Office for the Eastern District of New York, and an expected penalty agreement with the Federal Reserve, which AMEX said is included in the roughly $230 million total.