GRC Report Staff

U.S. banks are closing out 2025 in strong financial shape, but the risks shaping the federal banking system are becoming less about capital and more about operational resilience. That is what the Office of the Comptroller of the Currency’s Fall 2025 Semiannual Risk Perspective says, which finds banks well positioned to absorb potential stress while warning that cyber threats, fraud, and lagging technology investment are increasingly central to supervisory concerns.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a $3.1 million settlement with Exodus Movement, Inc., concluding a multi-year investigation into the crypto wallet provider’s dealings with users in Iran in violation of U.S. sanctions.

SoundCloud has confirmed with Bleeping Computer that a recent wave of service outages and access issues stemmed from a security incident that exposed a subset of user data, as the company moved to contain unauthorized access to parts of its infrastructure.

At the height of the pandemic, the Paycheck Protection Program was meant to act as a financial lifeline for small American businesses struggling through shutdowns and economic uncertainty. Federal prosecutors now say three real estate companies tied to a major Chinese conglomerate should never have qualified for that relief.

The European Parliament has formally approved a revised sustainability reporting and due diligence framework, giving legal and political backing to a deal EU lawmakers struck earlier this month to narrow the scope of the bloc’s corporate sustainability obligations.

As climate shocks intensify and biodiversity loss accelerates, the era of treating sustainability as a long-term aspiration rather than an immediate business imperative is quickly closing. A new white paper from the Council on Sustainability Transformation, Aligning Climate, Nature, and Markets, argues that companies now face a pivotal moment where fragmented climate strategies and short-term market thinking are no longer sufficient to protect value or support growth.

The Federal Trade Commission has widened its legal fight with Uber, filing an amended complaint alongside 21 states and the District of Columbia that accuses the company of enrolling consumers in its Uber One subscription without consent, failing to deliver promised savings, and putting up significant barriers for users who try to cancel.