GRC Report Staff

FTC Vacates Rytr AI Order, Signaling Shift Under Trump Administration’s AI Policy

The Federal Trade Commission has moved to reopen and set aside a 2024 final consent order against AI writing company Rytr, concluding that the original enforcement action failed to meet the legal standards of the FTC Act and imposed unnecessary constraints on artificial intelligence innovation.

EBA Revises Confidentiality Rules for Cooperation With Non-EU Supervisors

The European Banking Authority has quietly but meaningfully updated the rulebook that governs how EU supervisors share sensitive information with their counterparts outside the bloc. In revised Guidelines published on December 22, 2025, the EBA strengthened its framework for assessing whether third-country confidentiality and professional secrecy regimes meet EU standards, an essential precondition for effective cross-border supervisory cooperation.

New York Moves to Rein In Frontier AI With Transparency & Reporting Rules

‍On December 22, Kathy Hochul signed the Responsible AI Safety and Evaluation Act, or RAISE Act, setting what state leaders describe as a nation-leading standard for transparency and accountability among developers of so-called frontier AI models. The legislation requires large AI developers to publicly document their safety practices and to notify the state within 72 hours when serious harm linked to their systems is identified.

FTC Puts Companies on Notice Over Suspected Fake Review Practices

The Federal Trade Commission is sending a message to companies that play fast and loose with online reviews. FTC staff issued warning letters to 10 companies, flagging potential violations of the agency’s relatively new Consumer Review Rule, which targets fake, misleading, and manipulated product reviews.

Italy Fines Ryanair More Than €255 Million Over Treatment of Travel Agencies

Italy’s competition watchdog has hit Ryanair with a €255.76 million fine, jointly and severally with its parent Ryanair Holdings plc, after concluding that the airline abused its dominant position in the market for passenger air transport services to and from Italy.

FinCEN Turns Data Into Action as Treasury Tightens the Net on Money Laundering

The U.S. Treasury is leaning harder into data, technology, and coordination as it steps up efforts to disrupt money laundering tied to organized crime and cross-border networks. This week, the Financial Crimes Enforcement Network announced a sweeping, data-driven operation focused on money services businesses operating along the southwest border, which is an initiative that shows how aggressively the department is now using financial intelligence to drive enforcement.

University of Phoenix Breach Tied to Oracle Zero-Day Exposes Data of Nearly 3.5 Million People

The University of Phoenix has confirmed that a cyberattack linked to a previously unknown software flaw has compromised the personal and financial data of nearly 3.5 million individuals, marking one of the largest education-sector breaches disclosed this year.